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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1462 Unit Luray, VA 22835

10.1 ac lot Built 1972
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located at 1462 US Highway 211 W, Unit M, in Luray, Virginia. Situated within the dominant Luray Shopping Center, this property boasts unparalleled visibility and accessibility, benefiting from its location near major retailers such as Walmart, Food Lion, Schewels Furniture, Tractor Supply, and CVS. The center's strong anchor tenants and the presence of outparcels including Truist Bank, Taco Bell, and Dollar General, create a robust and thriving retail environment, ensuring high foot traffic and customer exposure. Available spaces range from 900 square feet to 1,800 square feet, offering flexible options for various commercial uses. The landlord is open to a wide range of tenants, making this an ideal location for businesses seeking a prime retail space in a high-traffic area. The property sits on a 10.1-acre lot, providing ample parking and convenient access for customers. This is a value-priced opportunity for immediate occupancy, offered at $10.00 per square foot, NNN. The property's location near Luray Caverns further enhances its appeal to tourists and local residents alike, making it an exceptional investment opportunity in a growing market. The property is highly visible along Route 211, ensuring maximum exposure for your business. Don't miss this chance to establish your business in a thriving retail center.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1972
Lot 10.1 ac (439,956 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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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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