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    General & Allison Dr Luray, VA 22835

    Sponsored
    For Sale
    $465,000

    High-visibility lot, ideal for various businesses.

    Property size:
    67,518 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 1.55-acre commercial property, located at 0 General & Allison Drive in Luray, Virginia, presents a unique investment opportunity. Boasting 67,518 square feet of land, this parcel enjoys a highly visible position in the thriving Luray Landing area, zoned B-1. Its strategic location offers unparalleled access and exposure, situated near Laurel Ridge Community College, Walmart, and a multitude of other established businesses. The property's proximity to the entrance of D.A. Horton's new subdivision ensures a growing customer base and high traffic volume. The B-1 zoning allows for a wide range of commercial uses, making it suitable for retail establishments, office buildings, professional offices, automotive businesses, or any other compatible commercial venture. This prime location offers significant potential for growth and return on investment, making it an attractive proposition for discerning entrepreneurs and investors seeking a high-impact commercial property in a rapidly developing area. The property's size and visibility make it an exceptional opportunity to establish a successful and thriving business. The convenient access to US Route 211 By-Pass further enhances its appeal and accessibility. Don't miss this chance to secure a prominent location in a dynamic and growing community. The asking price is $465,000.

    Property Features for General & Allison Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    67,518 SF
    Lot Size
    67,518 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.4913
    Latitude
    38.66436

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility lot, ideal for various businesses.
    Where is this commercial real estate located?
    The property is located at General & Allison Dr Luray, VA.
    What is the asking price?
    The asking price for this property is $465,000.
    (540) 743-4663
    Request Owner's contact information
    General & Allison Dr Luray, VA 22835
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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
    General & Allison Dr Luray, VA 22835
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