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116 Magnolia Dr 116 Magnolia Dr 2,934 SF Office Building Danville, VA 24541 For Sale
Investment Highlights
- Nice Office building located just off of W Main St near Caesar's Casino
- Reception area, glass offices, conference room, kitchenette, and 2 restrooms
- Pylon for sign
- 2934 Sq.Ft office facility formerly used as a medical services office with nicely finished interior
- Paved parking lot
- Great location across from Ballou Park between Caesar's Casino and Averett University
Executive Summary
Available at Auction: Wednesday, June 17 @ 12:30pm. Live and Online
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$1,400
|
$0.48
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,400
|
$0.48
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $1,400 |
| Annual Per SF | $0.48 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,400 |
| Annual Per SF | $0.48 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
2,934 SF
Building Class
C
Year Built
1970
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,934 SF
Building FAR
0.16
Lot Size
0.41 AC
Zoning
NC - NC Neighborhood Retail Commercial
Parking
7 Spaces (2.39 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Reception
- Air Conditioning
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23864 | Total Assessment | $178,400 (2025) |
| Land Assessment | $27,000 (2025) | Annual Taxes | $1,400 ($0.48/SF) |
| Improvements Assessment | $151,400 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
23864
Land Assessment
$27,000 (2025)
Improvements Assessment
$151,400 (2025)
Total Assessment
$178,400 (2025)
Annual Taxes
$1,400 ($0.48/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
116 Magnolia Dr | 116 Magnolia Dr