Building Details

Building Size 11,000 SF

Year Built 1833

Listing Agency: Vaaler Commercial Real Estate

Listed By: Rich Vaaler · License #0225198687 Show Phone

Source: Vaaler

Added: Mar 26 Changed: Oct 12 Last Checked: Oct 16 at 6:00AM

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Investment Insights

Based on property information with market context.

This 11,000 square foot hospitality property, constructed in 1933 and renovated in 2015, features 12 boutique rooms. Zoned B1, the property is located in the Luray area. It is suitable for apartments, Air BnB, or a hotel. An additional lot on Main St is included.

Key Highlights

• Prime B1 zoned location in the vibrant Luray area, close to key attractions
• 11,000 square foot property with 12 boutique rooms suitable for apartments, Air BnB, or hotel**
• Meticulously renovated in 2015, blending timeless architecture with modern amenities

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Dental Office Electrical Service Auto Parts Store Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

510

Businesses Nearby

Explore this area Business Placement

Demographics for 22835, VA

11,561

Population

6,291

Households

1.8

Avg Household Size

48

Median Age

21%

College-Educated

86%

High-School Grad

149.6 sq mi

ZIP Area

77

Density / Sq Mi

$57,365

Median Household Income

$33,499

Median Earnings

$836

Median Rent

$245,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Hotel - Hospitality property with 12 boutique rooms in Luray, Virginia.

Where is this hotel located?

The property is located at 2 S Court St Luray, VA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Prime B1 zoned location in the vibrant Luray area, close to key attractions; 11,000 square foot property with 12 boutique rooms suitable for apartments, Air BnB, or hotel**; Meticulously renovated in 2015, blending timeless architecture with modern amenities