Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight