315 Main St Luray, VA 22835
- Commercial real estate
- 512 SF
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 315 Main St
- Year built
- 1933
- Lot size
- 0.25 lot acres
- Property size
- 512 SF
- Property type
- Commercial real estate
Description
This charming 512-square-foot cottage, located at 315 W Main Street in the heart of historic downtown Luray, Virginia, presents a fantastic investment opportunity. Currently operating as a successful short-term rental, known as "Cubs Cottage," this property offers immediate income potential. Situated on a 0.25-acre lot, the cottage boasts two bedrooms and one bathroom, providing comfortable accommodations for guests. Its prime location allows for easy walking access to all the attractions and amenities that Luray's vibrant downtown area has to offer, including shops, restaurants, and historical sites. The property's cozy atmosphere and convenient location make it highly desirable for tourists and vacationers seeking a comfortable and centrally located base for exploring the Shenandoah Valley. The asking price of $175,000 reflects the property's strong rental history and its potential for continued growth. This is an exceptional opportunity to acquire a turnkey short-term rental property in a highly sought-after location. The property's current operational status as a successful short-term rental provides a clear picture of its income-generating capabilities. This makes it an attractive investment for those seeking a stable and profitable venture in the thriving tourism market of Luray, Virginia. The compact size of the property, combined with its prime location, ensures ease of management and maintenance, making it an ideal investment for both seasoned and novice investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Luray
- County
- Page
- State
- Virginia
- Longitude
- -78.46521
- Latitude
- 38.66544
