2487/2547 Us Highway 211 Luray, VA 22835
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.
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.
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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.