1381 Us Highway Bsn 340 Luray, VA 22835
This exceptional 6,000 square foot special purpose property, situated on 7.61 acres in Luray, Virginia (APN: 51 A 83, 51 A 80, 51 A 82A), presents a unique investment opportunity. Built in 1820, this historic venue boasts stunning views of Shenandoah National Park and Massanutten Mountain, providing picturesque backdrops for weddings and events. The property includes a vintage home with facilities for wedding parties and overnight stays, a pool house/groom's cottage offering additional accommodations, and a banquet hall permitted for 299 occupants. Existing infrastructure includes ample parking and upgraded septic systems. The property also features an additional parcel with its own driveway, electric service, and two wells, presenting potential for expansion. Three rows of grapevines offer further possibilities. The property's proximity to Luray Caverns, the Shenandoah River, and Skyline Drive suggests potential for Airbnb or B&B operations. The asking price is $1,750,000 ($291.67/sq ft). The property is zoned A and comes with fee simple ownership. Existing bookings for 2024 and some in 2025 will be honored. Sellers are open to discussing transition agreements. Appointments are required for viewings, ideally scheduled for Tuesday, Wednesday, or Thursday, to avoid disruption to the ongoing business operations.
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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