1326 Main St Luray, VA 22835-1628
This exceptional commercial property at 1326 E Main Street, Luray, VA, presents a unique investment opportunity. The 1.2-acre site encompasses seven individual lots, five of which are buildable and ready for development. Its prominent Main Street location ensures high visibility and exposure, ideal for a variety of business ventures. Currently utilized as a car lot, the property also includes an adjoining lot functioning as a rental unit. The rear lots, accessible from Nunn Lane, offer additional development potential, with one lot already approved for residential zoning. A house on the property is currently rented, generating additional income. A separate storage building also generates rental income. The on-site garage features an auto lift and air compressor, along with a dedicated bathroom separate from the office bathroom. The property is being sold "As-Is," and the sale includes tax map IDs 42A6-1-41, 42A6-1-42, 42A6-1-43, 42A6-1-47, 42A6-1-48, 42A6-1-49, and 42A6-1-50. This versatile property offers significant potential for both commercial and residential development, making it an attractive investment opportunity in a thriving location. The asking price is $455,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · Luray, VALuray. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.