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Retail Gift Shop with Cottages
For Sale
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Pending

2487/2547 Us Hwy 211 W, Luray, VA 22835

Retail gift shop with cottages on 7.95 acres.

Property Size1 SF
Lot Size7.95 Acres
Days on Market1057

Property Features for 2487/2547 Us Hwy 211 W

General Information

Standard status Pending
Size 1 SF
Lot size 7.95 Acres
Property subtype Retail, Land

Building Details

Buildings 8
Listing Agency: Old Dominion Realty
Listed By: Randal Alger · License #VA
Source: Crexi
Added: Oct 12, 2023 Changed: Aug 22 Last Checked: Sep 1 at 12:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Old Dominion Realty

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.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Electrical Service Dental Office Storage Facility Grocery & Convenience Store Home Appliance 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

19
Businesses Nearby

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

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.
(540) 433-2454 Call to check price and availability
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