295 Charming RdDanville, VA 24541

Property Details for 295 Charming Rd

Year built

1994

Lot size

3.39 AC

Property size (Sq ft)

19,200 SF

Zone code

M-2

Property type

Warehouses

APN

1368-65-6368

APU

1368656368

Description

This exceptional investment opportunity presents a 19,200-square-foot FedEx distribution center located at 295 Charming Rd, Danville, VA 24541, in Pittsylvania County. The property sits on a 3.39-acre lot and is currently leased to FedEx under a triple-net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. The building features a fully insulated and heated interior with a sprinkler system. Ceiling heights range from 14 to 20 feet, providing ample storage space. Loading and unloading are facilitated by two loading docks (16'x12' and 10'x8') and two bay doors (12'x12' and 11'x14'). The building also includes office space, a breakroom, and restrooms. A significant upgrade was completed in 2023 with the installation of a brand-new septic tank and system. The current lease, initiated in 2016, has a term of five years with a five-year renewal option, extending to June 30, 2026, and a further five-year option thereafter. The annual rent is $55,440 ($4,620 per month). This property offers a strong, stable income stream with a long-term tenant in place, making it an attractive investment opportunity. The asking price is $815,000, resulting in a price per square foot of $42.45. The APN is 1368-65-6368.

• Alternative Use

  Use

  Valuation

  Residential

  $2,411,093

  Hospitality

  $2,208,548

  Educational

  $1,837,486

  Medical

  $1,900,680

  Retail

  $2,858,312

Location Insight

City

Danville

County

Pittsylvania

State

Virginia

Latitude

36.6153

Longitude

-79.5775

CBSA code

19260

CBSA name

DANVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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