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Property profile

1381 Us Highway Bsn 340 Luray, VA 22835

OFF-MARKET
Specialty properties
Property ID
US87-1519655
6,000 SF 7.61 ac lot Built 1820
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 1820
Total area 6,000 SF
Lot 7.61 ac (331,492 SF)
UPID US87-1519655

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1381 Us Highway Bsn 340 Luray, VA 22835
Luray metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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