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Parkhurst at Rainbowhill 2487 US Highway 211 W

6,000 SF 100% Leased Retail Building Luray, VA 22835 $1,346,596 CAD ($224 CAD/SF)

Storefront Properties Virginia Luray 2487 US Highway 211 W, Luray, VA 22835

Investment Highlights

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

Executive Summary

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.

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1938
Price
$1,346,596 CAD
Price Per SF
$224 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.02
Lot Size
7.95 AC
Zoning
C - Commercial
Parking
37 Spaces (6.17 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Waterfront
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Nearby Major Retailers

Truist
Food Lion

PROPERTY TAXES

Parcel Number 40-A-87 Improvements Assessment $419,811 CAD
Land Assessment $251,438 CAD Total Assessment $671,249 CAD

PROPERTY TAXES

Parcel Number
40-A-87
Land Assessment
$251,438 CAD
Improvements Assessment
$419,811 CAD
Total Assessment
$671,249 CAD
(540) 746-4255

Contact

  • Listing ID: 26479042

  • Date on Market: 2022-08-24

  • Last Updated:

  • Address: 2487 US Highway 211 W, Luray, VA 22835

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Parkhurst at Rainbowhill | 2487 US Highway 211 W
(540) 746-4255 x

Parkhurst at Rainbowhill | 2487 US Highway 211 W

Randall Alger

(540) 746-4255

(540) 746-4255

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