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    2487/2547 Us Highway 211 Luray, VA 22835

    Sponsored
    For Sale
    $950,000

    Mountain View Restaurant & Gift Shop

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.95-acre commercial property in Luray, VA, presents a unique investment opportunity. The property boasts eight buildings, including a seven-room retail gift shop with three additional rooms, two full baths, four half baths, a kitchen with a walk-in cooler, and a dining area. A large basement provides ample storage. Additional structures include cottages, a workshop, and a lean-to, offering versatile potential. The property features a pond, borders Mill Creek, and enjoys 1000 feet of road frontage with breathtaking mountain views. Ample parking is available in large open meadow areas. Restaurant equipment is included. The cottages offer significant short-term rental potential. This thriving business, family-operated for over 44 years, has served as a motel, fine dining restaurant, and currently operates as a gift shop featuring crystals, gemstones, fine gifts, wines, and craft beers. Its prime location, minutes from Luray Caverns, golf courses, the Shenandoah River, Shenandoah National Park, George Washington National Forest, shopping centers, a hospital, a community college, and Luray Caverns Airport, positions it within a high-growth area. The property is listed at $950,000.

    Property Features for 2487/2547 Us Highway 211

    General Information

    Property type
    Restaurants
    Square Feet
    1 SF
    Lot Size
    346,302 SF

    Building Details

    Buildings
    8
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hotel & Motel Department Store Kitchen & Bath Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.4635843
    Latitude
    38.6648858

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    FAQs

    What type of property is this?
    Restaurant - Mountain View Restaurant & Gift Shop
    Where is this restaurant located?
    The property is located at 2487/2547 Us Highway 211 Luray, VA.
    What is the asking price?
    The asking price for this property is $950,000.
    Request Owner's contact information
    2487/2547 Us Highway 211 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
    2487/2547 Us Highway 211 Luray, VA 22835
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