234 Eastwood Dr - 26+/- Acres Zoned for MultiFamily Development 26 Acres of Commercial Land Offered at $2,053,095 CAD in Danville, VA 24540

26 Acres Zoned By Right for High Density Multifamily with Utilities Available to the Site
Danville represents a classic early-cycle secondary market: accelerating job growth, measurable housing deficit, minimal institutional competition, and a local government aligned with residential expansion. New multifamily product delivered at today’s basis has the potential to achieve outsized stabilized yields relative to larger Virginia metros while benefiting from long-term regional economic diversification.
The city is now attracting advanced manufacturing, logistics, healthcare, and technology-driven employers, generating thousands of new jobs and positioning the region for sustained economic expansion. However, housing production has not kept pace with employment growth, resulting in a documented shortage of both rental units and single-family homes.
ECONOMIC DEVELOPMENT NEWS:
Members of the Danville-Pittsylvania Regional Industrial Facility Authority unanimously voted Monday to approve an agreement to sell property at the Southern Virginia Megasite at Berry Hill to SAC III Acquisition,... https://virginiabusiness.com/berry-hill-megasite-data-center-stack-infrastructure/ 
An investment buyer has purchased the 927,500-square-foot Morgan Olson manufacturing facility at the Cane Creek Centre industrial park in Pittsylvania County, according to an announcement distributed Thursday by Glen Allen  based...https://virginiabusiness.com/investor-buys-morgan-olson-plant-pittsylvania-county/