1819 Us-211 Luray, VA 22835
This exceptional 9.237-acre commercial and industrial property, located at 1819 US-211 in Luray, Virginia (zip code 22835), presents a significant development opportunity. Priced at $1,000,000, this fee-simple land boasts approximately 695 feet of frontage along the heavily trafficked Route 211 W (Lee Highway) and Route 340, a major commercial corridor running through downtown Luray. The flexible C-1 zoning allows for a wide range of commercial uses, including retail, restaurants, automotive services, veterinary clinics, offices, fitness centers, and self-storage facilities. The property's strategic location benefits from the recent surge in growth and development in the area, with numerous national retailers already established nearby, such as Walmart, Food Lion, Tractor Supply Co., CVS, Dollar General, McDonald's, Burger King, Taco Bell, Advance Auto, AutoZone, Truist Bank, and Dunkin' Donuts, alongside a thriving community of local businesses. Currently, five vacant single-family homes are situated on the property, sharing a single well for water. The possibility exists to seek approval from the Town of Luray to extend public water and sewer services to the site. The property is conveyed in its as-is condition. This prime location and versatile zoning make this an attractive investment for developers seeking a high-traffic, high-visibility site in a growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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