Property profile

2 E Main St Luray, VA 22835

FOR LEASE
Commercial real estate
Property ID
US87-1588605
2,688 SF 0.04 ac lot Built 1933
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 3,550-square-foot restaurant space is ideally situated at 2 E. Main Street in Luray, Virginia's historic downtown district. The property boasts a single-tenant occupancy and is currently vacant, presenting a unique opportunity for a new culinary venture. Located on a 0.04-acre lot, the building is zoned B-1, allowing for a variety of commercial uses. The address is 2 E. Main Street, conveniently located near the intersection of Broad Street, ensuring high visibility and accessibility for patrons. The space is completely ready for immediate occupancy, offering a turnkey solution for restaurateurs seeking a well-appointed establishment in a thriving community. Page County's vibrant atmosphere and the historic charm of Luray create a desirable setting for a successful restaurant. The property's size and location make it an excellent choice for a variety of restaurant concepts, from casual dining to upscale eateries. This is a rare opportunity to establish a business in a prime location within a sought-after area. The total building square footage is 3,550 square feet, all of which is currently vacant and available for lease. This turnkey space is ready for immediate use, eliminating the need for extensive renovations or build-out. The property's location in the heart of Luray's historic district ensures high foot traffic and visibility, contributing to a strong potential for success. The zip code for this property is 22835.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1933
Total area 2,688 SF
Lot 0.04 ac (1,742 SF)
Zoning code B1
APN 42A11 A 158
UPID US87-1588605

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Restaurant

Location

2 E Main St Luray, VA 22835
Luray metro Census 30300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Zoning & alternative use

B1 · Luray, VA

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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More about this property
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