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234 Eastwood Dr - 26+/- Acres Zoned for MultiFamily Development Lot • Terrain commercial • 26 Acres • 2 053 095 $ CAD • Danville, VA 24540
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Faits saillants de l'investissement
- High unit yield by right
- Site optionality
- Economic inflection point
- Rural opportunity zone 2.0 eligible + located in a qualified census tract 51590001302
- Structural undersupply
- Thirteen (13) parcels
Résumé de l'annonce
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/
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/
Faits sur la propriété
| Prix | 2 053 095 $ CAD | Sous-type de propriété | Terrain commercial |
| Type de vente | Investissement | Utilisation proposée | Unités d’appartements |
| Nombre de lots | 1 | Taille totale du lot | 26,00 AC |
| Type de propriété | Terrain | Nombre d’étages | 1 |
| Zonage | SR & ZR | ||
| Prix | 2 053 095 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Unités d’appartements |
| Taille totale du lot | 26,00 AC |
| Nombre d’étages | 1 |
| Zonage | SR & ZR |
1 Lot disponible
Lot
| Prix | 2 053 095 $ CAD | Taille du lot | 26,00 AC |
| Prix par AC | 78 965,19 $ CAD |
| Prix | 2 053 095 $ CAD |
| Prix par AC | 78 965,19 $ CAD |
| Taille du lot | 26,00 AC |
1 1
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 298 109 $ CAD | |
| Évaluation du terrain | 58 719 $ CAD | Évaluation totale | 356 828 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
58 719 $ CAD
Évaluation des bâtiments
298 109 $ CAD
Évaluation totale
356 828 $ CAD
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234 Eastwood Dr - 26+/- Acres Zoned for MultiFamily Development
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