General & Allison Dr Luray, VA 22835
This exceptional 1.55-acre commercial property, located at 0 General & Allison Drive in Luray, Virginia, presents a unique investment opportunity. Boasting 67,518 square feet of land, this parcel enjoys a highly visible position in the thriving Luray Landing area, zoned B-1. Its strategic location offers unparalleled access and exposure, situated near Laurel Ridge Community College, Walmart, and a multitude of other established businesses. The property's proximity to the entrance of D.A. Horton's new subdivision ensures a growing customer base and high traffic volume. The B-1 zoning allows for a wide range of commercial uses, making it suitable for retail establishments, office buildings, professional offices, automotive businesses, or any other compatible commercial venture. This prime location offers significant potential for growth and return on investment, making it an attractive proposition for discerning entrepreneurs and investors seeking a high-impact commercial property in a rapidly developing area. The property's size and visibility make it an exceptional opportunity to establish a successful and thriving business. The convenient access to US Route 211 By-Pass further enhances its appeal and accessibility. Don't miss this chance to secure a prominent location in a dynamic and growing community. The asking price is $465,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.