211 W Main St

    Luray, VA 22835
    • $199,900
    • STATUS: Active
    • ON SITE: 105 days
    • MLS #: 600194
    UPDATED: 53 min ago
    $199,900
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,691
      SQFT
    • $74
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    Great investment opportunity in the heart of the Shenandoah Valley! Luray, home to the world famous Luray Caverns, is a tourist friendly town in the hub of Shenandoah National Park, Skyline Drive and the Shenandoah River. Luray hosts more than a half a million visitors each year! Current owner had envisioned a much-needed restaurant on the first floor with a 4 AirBnB apartments on the second floor, but now must sell the building. The construction has begun, with some structural and plumbing issues completed during construction so the hardest part has been done and the property is ready for buildout. The property was appraised, based on the owner's completed plans, at $450,000, so there is a lot of room to build equity in this project.

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    Listing information © 2020 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate III. Data last updated 2020-06-02T09:12:36.55.
    www.jeffgaffney.com/homes/103293002

    211 W Main St Luray, VA 22835

    • Price: $199,900
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 600194
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    2,691
    SQFT
    $74
    $/SQFT
    Neighborhood:
    Page
    Area:
    Page
    Property Description
    Great investment opportunity in the heart of the Shenandoah Valley! Luray, home to the world famous Luray Caverns, is a tourist friendly town in the hub of Shenandoah National Park, Skyline Drive and the Shenandoah River. Luray hosts more than a half a million visitors each year! Current owner had envisioned a much-needed restaurant on the first floor with a 4 AirBnB apartments on the second floor, but now must sell the building. The construction has begun, with some structural and plumbing issues completed during construction so the hardest part has been done and the property is ready for buildout. The property was appraised, based on the owner's completed plans, at $450,000, so there is a lot of room to build equity in this project.
    Property Features

    Annual Taxes 1419 Docs On File Appraisal Property Type Building Tax Year 2020 Use Options ApartmentsInvestor-UserLodgingOfficeRestaurantRetail Zoning B-1 Business

    Listing provided courtesy of Funkhouser Real Estate Group.


    Listing information © 2020 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate III. Data last updated 2020-06-02T09:12:36.55.
     
    Real Estate III
    1430 Rolkin Court, Suite 101
    Charlottesville VA, 22911