Property profile

8914 Us Hwy 211th W Luray, VA 22835

OFF-MARKET
Commercial real estate
Property ID
US87-1474711
3,538 SF 1.66 ac lot Built 1958
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.66-acre commercial property at 8914 US Highway 211 W in Luray, Virginia, presents a unique investment opportunity. Currently configured as a fully operational restaurant and bar, this versatile space offers over 150 seats spread across four distinct seating areas, including a dedicated bar. The kitchen is fully equipped, ready for immediate use, and includes a walk-in refrigerator and freezer. Enjoy breathtaking 360-degree mountain views from this hilltop location. Ample parking accommodates over 45 vehicles, with excellent highway frontage and a large lot suitable for outdoor events and cooking. A private patio deck provides additional outdoor dining space with stunning views. An attached efficiency apartment/office with a full bath and one bedroom offers added flexibility. The property benefits from high daily foot traffic due to its prime location on US Highway 211, near the popular Luray Caverns tourist attraction. The building features central air conditioning, private restrooms, and a corner location maximizing visibility. Lease terms do not include utilities, property expenses, or building services. This property is ideal for a variety of uses, making it an attractive option for discerning entrepreneurs seeking a turn-key operation or a blank canvas for their business vision. Contact the listing contact for lease rate and additional details.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Total area 3,538 SF
Lot 1.66 ac (72,440 SF)
Zoning code C COMMERCIAL
APN 47 A 9
UPID US87-1474711

Cap rate & NOI

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

Location

8914 Us Hwy 211th W Luray, VA 22835-4839
Luray metro Census 30200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

Zoning & alternative use

C COMMERCIAL · 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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