2487/2547 Us Hwy 211 W Luray, VA 22835

Listing Agency Old Dominion Realty

Listed by Randal Alger · License #VA

Source Crexi

Added: Oct 12, 2023 Checked: Jul 17 at 12:57 pm

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Investment Insights

Based on property information with market context.

This property features a seven-room retail gift shop, including three additional rooms, two full baths, four half baths, a kitchen with a walk-in cooler, and a dining area, plus a large basement. There are eight total buildings, including cottages, a workshop, and a lean-to, situated on 7.95 acres with mountain views and 1,000 feet of road frontage. The property borders Mill Creek and includes a pond. The guest cottages offer short-term rental potential. Restaurant equipment is included. There are large open meadow areas with parking and mountain views. The property has been family-operated for over 44 years as a motel, fine dining restaurant, and now a gift shop with crystals, gemstones, fine gifts, fine wines, and craft beers. It is located minutes from Luray Caverns, golf, the Shenandoah River, Shenandoah National Park, George Washington National Forest, shopping centers, a hospital, a community college, and Luray Caverns Airport. The property is located in a high-growth area.

Key Highlights

• Thriving business opportunity with 44+ year history including a Motel, Restaurant, and Gift Shop.
• Unlimited short‑term rental potential with guest cottages.
• Enjoy 7.95 acres with mountain views, Mill Creek border, and a pond.

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FAQs

What type of property is this?

Retail space - Retail gift shop with cottages on 7.95 acres.

Where is this retail space located?

The property is located at 2487/2547 Us Hwy 211 W Luray, VA.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: Thriving business opportunity with 44+ year history including a Motel, Restaurant, and Gift Shop.; Unlimited short‑term rental potential with guest cottages.; Enjoy 7.95 acres with mountain views, Mill Creek border, and a pond.