1819 Us Highway 211 Luray, VA 22835
This exceptional 9.23-acre commercial development opportunity in Luray, Virginia, presents significant potential. Located at 1819 US Highway 211 W, the property boasts approximately 695 feet of frontage along the heavily trafficked Lee Highway (Route 211 W/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 site's strategic location benefits from the robust growth and development in the surrounding area, evidenced by the presence of numerous national retailers such as Walmart, Food Lion, Tractor Supply Co., CVS, Dollar General, McDonald's, Burger King, Taco Bell, Advance Auto Parts, AutoZone, Truist Bank, and Dunkin' Donuts, alongside a thriving community of local businesses. Currently, the property includes five vacant single-family homes, all sharing a single well for water. The possibility exists to request public water and sewer extension from the Town of Luray
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.
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.