This Retail Property is no longer advertised on LoopNet.com.

370 Mall Dr
Danville, VA 24540
Red Lobster · Retail Property For Sale

Investment Highlights

  • 5,560 Sq Ft Casual Dining Restaurant | 40 Parking Spaces | 0.66 AC Lot
  • Currently Cash Flowing | Local Tenant | Modified NNN Lease
  • Excellent Visibility At Signalized Intersection | Piedmont Drive: 18,000 +/- Vehicles Per Day
  • Value Add or Redevelopment Potential | P-SC Zoning (Planned Shopping Center)
  • Landlord Only Responsible for Roof & Foundation | Short Term (2028) with No Options
  • Outparcel to Danville Mall: 2.4M Annual Visits | 30 Stores & National Tenants

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,560 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.66 AC
Zoning
PSC - Planned Shopping Center Commercial.
Parking
40 Spaces (7.19 Spaces per 1,000 SF Leased)
Frontage
361’ on Piedmont Drive

Property Taxes

Property Taxes

Parcel Number
60264
Land Assessment
$97,900
Improvements Assessment
$1,191,600
Total Assessment
$1,289,500
  • Listing ID: 38114254

  • Date on Market: 10/17/2025

  • Last Updated:

  • Address: 370 Mall Dr, Danville, VA 24540

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