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Property profile & analytics
OFF-MARKET
Commercial real estate

2487/2547 Us Highway 211 Luray, VA 22835

6,728 SF 7.95 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 6,728 SF
Lot 7.95 ac (346,302 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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