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    1462 Unit Luray, VA 22835

    For Sale
    Contact for pricing

    High-traffic retail spaces available now.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This prime retail space is located at 1462 US Highway 211 W, Unit A, in Luray, Virginia. Situated on a 10.1-acre lot, this property is part of the dominant Luray Shopping Center, strategically positioned near Walmart and boasting strong anchor tenants including Food Lion, Schewels Furniture, Tractor Supply, and CVS. The center's high visibility along Route 211, near the popular Luray Caverns, ensures significant traffic flow. Outparcels featuring Truist Bank, Taco Bell, and Dollar General further enhance the shopping destination's appeal and draw regional shoppers. Multiple immediately available spaces are offered, ranging from 900 square feet to 1,800 square feet, providing flexibility for various commercial uses. The landlord is open to a wide range of tenants. These in-line spaces are offered at a highly competitive rate of $10.00 per square foot, NNN. This presents a valuable opportunity for businesses seeking a well-established location within a thriving retail environment. The property's strong anchor tenants and convenient location make it an ideal choice for businesses looking to establish or expand their presence in the Luray area.

    Property Features for 1462 Unit

    General Information

    Property type
    Retail properties
    Lot Size
    439,956 SF

    Building Details

    Year Built
    1972
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.49802
    Latitude
    38.66106

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail spaces available now.
    Where is this retail property located?
    The property is located at 1462 Unit Luray, VA.
    (540) 535-0808
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1462 Unit Luray, VA 22835
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