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    4 1St St Luray, VA 22835

    For Sale
    $249,900

    Prime Location, 753 sq ft, Great Opportunity!

    Property size:
    753 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, located at 4 First Street in the vibrant town of Luray, Virginia, presents a compelling investment opportunity. The building, boasting 753 square feet of well-maintained space, is ideally situated just one block from the main street, ensuring high visibility and accessibility. The interior features attractive laminate flooring throughout, a convenient half bath, modern recessed lighting, and a pleasing color palette. The building is in good condition and ready for immediate occupancy, making it perfect for a variety of retail businesses. Adding significant value to this offering is the inclusion of a vacant 0.23-acre lot, providing ample space for expansion, outdoor seating, or additional development. The property is commercially zoned, offering flexibility for a range of uses. This combination of a well-maintained building, a sizable vacant lot, and a prime location makes this an exceptional opportunity for entrepreneurs and investors seeking a foothold in the thriving Luray market. The property's proximity to the main street guarantees high foot traffic and excellent exposure, ensuring a strong potential for business success. Don't miss this chance to acquire a versatile and strategically located commercial property in a desirable Virginia town. The asking price is $249,900.

    Property Features for 4 1St St

    General Information

    Property type
    Retail properties
    Square Feet
    753 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1982
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.44946
    Latitude
    38.66483

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    FAQs

    What type of property is this?
    Retail property - Prime Location, 753 sq ft, Great Opportunity!
    Where is this retail property located?
    The property is located at 4 1St St Luray, VA.
    What is the asking price?
    The asking price for this property is $249,900.
    (540) 743-4663
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    4 1St St Luray, VA 22835
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    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
    4 1St St Luray, VA 22835
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