0 Luray Shopping Ctr Luray, VA 22835
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.
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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Risks
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