612 Mount Cross Rd - Commercial LAND FOR SALE


Danville, VA 24540 152,460 SF
$429,900 USD
984-810-7950
612 Mount Cross Rd, Danville, VA for Sale
$429,900 USD
Commercial LAND - FOR SALE
1/25
152,460 SF

612 Mount Cross Rd
Danville, VA 24540


HIGHLIGHTS

  • Prime 3.5 acres, 4-lane expansion coming, Dual-Use Option - HIGH VALUE commercial zoning, Development-Ready - In hot growth corridor
  • PS-C zoning, Grandfathered Residential Rights, Retail Anchor - Walmart drives consistent traffic, Proven retail traffic driver
  • Traffic Visibility - 10,000 vehicles/day (soon MORE with 4-lane) Casino Proximity - Capturing tourist/gaming traffic Retail Anchor -

OVERVIEW

RARE! 3.5-ACRE PS-C COMMERCIAL SITE | MOUNT CROSS ROAD | CASINO-BOOM CORRIDOR | 4-LANE EXPANSION EXCEPTIONAL COMMERCIAL DEVELOPMENT OPPORTUNITY IN DANVILLE'S HOTTEST GROWTH CORRIDOR PROPERTY OVERVIEW: 3.5 acres with premium PS-C (Planned Shopping Center) zoning on Mount Cross Road, Danville's primary commercial thoroughfare. This strategically positioned site sits in the epicenter of unprecedented economic growth driven by the newly opened $750 million Caesars Virginia casino resort and major infrastructure improvements transforming the region. ZONING & PERMITTED USES: Primary Zoning: PS-C (Planned Shopping Center District) Grandfathered Rights: Residential use permitted (property previously housed residential structure) Permitted Commercial Uses Include: • Retail stores and shopping centers • Restaurants and food service establishments • Professional and medical offices • Personal service businesses • Financial institutions • Entertainment venues • Mixed-use developments • Additional uses per City of Danville Zoning Code (see attached documentation) UNMATCHED DUAL-USE FLEXIBILITY: This property offers exceptional versatility rarely found in commercial land. The PS-C zoning provides extensive commercial development rights while grandfathered residential use preserves the option for residential or mixed-use projects. This dual capability significantly expands your development options and appeals to diverse investor profiles. LOCATION ADVANTAGES - GAME-CHANGING CORRIDOR: Mount Cross Road serves as Danville's premier retail and commercial artery, currently carrying 10,000+ vehicles per day with traffic volumes expected to surge significantly following completion of the 4-lane expansion project. Key Proximity Features: Adjacent to Walmart Supercenter (515 Mount Cross Rd) - major retail anchor generating consistent high-volume Traffic Minutes from Caesars Virginia - $750 million casino resort opened December 2024. Direct access to Danville's primary commercial corridor. Positioned between established retail centers and explosive casino-driven growth zone. Easy access to residential neighborhoods and major employment centers. INFRASTRUCTURE CATALYST - 4-LANE EXPANSION PROJECT: Mount Cross Road is undergoing a federally-funded widening project expanding the roadway from 2 lanes to 4 lanes with raised median. This $33.5+ million infrastructure improvement and expansion project represents a Once-in-a-Generation infrastructure investment that will fundamentally transform Mount Cross Road into Danville's most desirable commercial address. CAESARS VIRGINIA ECONOMIC IMPACT: The opening of Caesars Virginia casino resort has created an unprecedented economic boom throughout the region: $750 million total investment (nearly double original projections) Generated $222 million in gaming revenue in first 11 months of temporary casino operation. 900-1,300 permanent jobs at full resort operation. Critical housing shortage: Market requires 600+ new houses and 700+ apartments to accommodate casino workforce Commercial development surge: Boutique hotels, restaurants, mixed-use projects actively being developed throughout casino impact zone. $25 million annually in direct casino revenue to City of Danville enabling continued infrastructure and development investments. PROVEN RETAIL CORRIDOR: Mount Cross Road has established itself as Danville's retail powerhouse with major anchors including Walmart Supercenter, Lowes, and proximity to Danville Mall. The corridor benefits from: DEVELOPMENT-READY ATTRIBUTES: Consistent daily traffic from established residential neighborhoods. Cross-regional draw serving Danville and surrounding counties. Proven retail performance demonstrating sustained consumer demand. Continuous development activity with new projects regularly announced. FINANCIAL CONSIDERATIONS: List Price: $429,900 ($122,829 per acre) Pricing reflects: Premium location, PS-C zoning, casino proximity, 4-lane expansion impact, dual-use flexibility. Comparable sales: Mount Cross Road commercial parcels commanding premium pricing due to corridor transformation. Appreciation potential: Infrastructure improvements and casino-driven growth suggest strong near-term value appreciation. Investment profile: Income-producing commercial development with stable, long-term cash flow potential. MARKET TIMING - STRIKE WHILE OPPORTUNITY EXISTS: Danville is experiencing its most significant economic transformation in decades. The convergence of the Caesars casino opening, major infrastructure improvements, housing. Shortage, and sustained commercial development activity creates a rare window of opportunity for strategic land acquisition. Properties in premium corridors like Mount Cross. Properties are being absorbed rapidly by developers capitalizing on the casino boom. DISCLOSURE: All prospective buyers must independently verify zoning classifications, permitted uses, utility availability, development requirements, and site conditions with the City of Danville Planning & Zoning Department. Traffic counts, casino revenue figures, and infrastructure project details derived from public records and government sources. Property offered "as-is, where-is" with no warranties expressed or implied. Seller makes no representations regarding development feasibility, soil conditions, environmental status, or fitness for any particular use.

FOR SALE DETAILS

PRICE

$429,900 USD

PRICE/ACRE

$122,829/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family, Single Family Development

LAND ACRES

3.5 AC

LAND SF

152,460 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

Commercial

APN/PARCEL ID

72861

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Lamar LongSkyBand Legacy Trust/4pr InvestmentsMore Info
984-810-7950

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Lamar LongSkyBand Legacy Trust/4pr InvestmentsMore Info
984-810-7950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.