2487 US Highway 211 W - Storefront FOR SALE


Luray, VA 22835
$950,000 USD
540-746-4255
2487 US Highway 211 W, Luray, VA for Sale
$950,000 USD
Storefront - FOR SALE
1/1
null | Request Cap Rate

2487 US Highway 211 W
Luray, VA 22835


HIGHLIGHTS

  • Full Kitchen with walk-in cooler and dining area
  • Minutes from Luray Caverns, Golf, Shenandoah River, Shenandoah National Park, George Washington National Forest.
  • Fantastic mountain views

OVERVIEW

Seven room retail gift shop, includes 3 additional rooms, with 2 full and 4 half baths, kitchen with walk-in cooler and dining area. plus a large basement. 8 total buildings includes cottages, work shop and lean to. Situated atop 7.95 acres with fantastic mountain views and 1000 feet of road frontage. Borders on Mill Creek and a has a pond on the property. The Guest Cottages on the property offer unlimited short term rental potential. Restaurant equipment included. Large open meadow areas with plenty of parking, Simply breathtaking mountain views in the distance. This is a thriving business family operated for over 44 years as a Motel, fine dining restaurant, and now a Gift shop with crystals, gemstones, fine gifts, and fine wines and craft beers. Fantastic business opportunity just minutes from Luray Caverns, Golf, Shenandoah River, Shenandoah National Park, George Washington National Forest, Shopping Centers, Hospital, Community College, and Luray Caverns Airport. This property is in a high growth area.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Parkhurst at Rainbowhill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

7.95 AC

LAND SF

346,302 SF

ZONING

C

APN/PARCEL ID

40-A-87

ASK ABOUT THIS PROPERTY

Randall AlgerOld Dominion RealtyMore Info
540-746-4255

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Randall AlgerOld Dominion RealtyMore Info
540-746-4255

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