2 S Court St - Hospitality FOR SALE


Luray, VA 22835
$2,650,000 USD
703-431-4513
2 S Court St, Luray, VA for Sale
$2,650,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

2 S Court St
Luray, VA 22835


HIGHLIGHTS

  • - 12 self service units for maximum revenue potential
  • - Built in 1933, exuding timeless charm
  • - Renovated in 2015 for modern appeal
  • - Zoned B1 for flexible usage options
  • - Prime location in the vibrant Charlottesville area

OVERVIEW

Uncover the potential of this exceptional hospitality investment opportunity! This 11,000 square foot property, built in 1933 and meticulously renovated in 2015, presents 12 boutique hotel rooms designed for the discerning limited-service investor. Strategically located in the vibrant Charlottesville area, this building is zoned B1, offering a prime location for leveraging its proximity to key attractions. The property's timeless architecture and modern amenities make it a compelling choice for investors seeking to capitalize on the dynamic hospitality market. Don't miss the chance to acquire this meticulously maintained property, poised to deliver exceptional returns in the thriving Charlottesville market. Additional lot on Main St is available for sale but is not included in the price.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$241 USD /SF

# OF ROOMS

12

PRICE/ROOM

$220,833 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Laurance

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1933

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,028 SF

ZONING

B1

APN/PARCEL ID

42A10-A-59

ASK ABOUT THIS PROPERTY

Richard VaalerVaaler Commercial Real EstateMore Info
703-431-4513

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Richard VaalerVaaler Commercial Real EstateMore Info
703-431-4513

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.