2487/2547 Us Highway 211 Luray, VA 22835
- Commercial real estate
- 6,728 SF
- 7.95 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2487/2547 Us Highway 211
- Lot size
- 7.95 lot acres
- Property size
- 6,728 SF
- Property type
- Commercial real estate
Description
This exceptional 6,728 square foot property, located at 2487/2547 US HWY 211 W in Luray, Virginia, presents a unique investment opportunity. The main building houses a seven-room retail gift shop, featuring crystals, gemstones, fine gifts, wines, and craft beers. Three additional rooms provide versatile space, complemented by two full bathrooms and four half bathrooms. A fully equipped kitchen, complete with a walk-in cooler and dining area, is also included. A large basement offers ample storage. The property boasts eight buildings in total, including charming guest cottages, a workshop, and a lean-to, all situated on a picturesque 7.95-acre lot. The land offers 1000 feet of road frontage, borders Mill Creek, and features a pond, providing a tranquil setting. The guest cottages present significant potential for short-term rentals. All restaurant equipment is included in the sale. Extensive open meadow areas provide ample parking. The property enjoys breathtaking mountain views and is ideally located just minutes from Luray Caverns, a golf course, the Shenandoah River, Shenandoah National Park, George Washington National Forest, shopping centers, a hospital, a community college, and Luray Caverns Airport. This thriving business, family-operated for over 44 years as a motel, fine dining restaurant, and now a gift shop, is situated in a high-growth area. The asking price has been reduced.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Luray
- County
- Page
- State
- Virginia
- Longitude
- -78.461
- Latitude
- 38.6622
