Property profile

0 Luray Shopping Ctr Luray, VA 22835

OFF-MARKET
Retail properties & Spaces
96,700 SF 8 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 96,700 square foot, single-story retail and office center presents a unique investment opportunity. Boasting 21 suites in total, the property offers one immediately available space of 24,759 square feet, ideal for a variety of uses. The center is strategically located in a high-traffic area, just 1.3 miles from the intersection of Route 340 and Highway 211 (Lee Highway), ensuring excellent visibility and accessibility. Its prime location is within walking distance of numerous residential areas and the vibrant downtown Luray district. The property benefits from its proximity to established national and local businesses, including Wrangler & Lee Apparel, Anderson Window Corporation, and Dollar Tree, creating a synergistic commercial environment. Luray's robust tourism sector, fueled by attractions such as Luray Caverns (500,000 annual visitors), Shenandoah National Park (1 million annual visitors), numerous camping and RV resorts, over 500 vacation rental properties, and 14+ wedding venues, guarantees a consistent flow of potential customers. With over 6,600 vehicles passing daily on East Main Street, this property offers unparalleled exposure. Ample parking is provided with 430 spaces. The property is zoned B1 and sits on 8 acres of land. This is a rare opportunity to acquire a well-established retail center in a thriving tourist destination.

Property profile

Verified
Property type Retail properties & Spaces
Total area 96,700 SF
Lot 8 ac (348,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Luray Shopping Ctr Luray, VA 22835
Luray metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Luray Shopping Ctr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message