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2 S Court St 12 Room Hotel Luray, VA 22835 $1,999,000 ($166,583/Room)
Executive Summary
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 rooms designed for the discerning limited-service investor to offer as apartments, Air BnB, or apartments. All rooms are fully furnished, decorated, and equipped with kitchens. Strategically located in the vibrant Luray 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 Luray market.
boutique rooms designed for the discerning limited-service investor to offer as apartments, Air BnB, or apartments. All rooms are fully furnished, decorated, and equipped with kitchens. Strategically located in the vibrant Luray 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 Luray market.
Property Facts
| Price | $1,999,000 | Lot Size | 0.30 AC |
| Price Per Room | $166,583 | Building Size | 11,000 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1933 |
| Building Class | B | Corridor | Interior |
| Zoning | B1 - Local business district | ||
| Price | $1,999,000 |
| Price Per Room | $166,583 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 11,000 SF |
| No. Rooms | 12 |
| No. Stories | 3 |
| Year Built | 1933 |
| Corridor | Interior |
| Zoning | B1 - Local business district |
Amenities
- Balcony
- Meeting Event Space
- Wedding Venue
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $175.00 | - |
1 1
Property Taxes
| Parcel Number | 42A10-A-59 | Improvements Assessment | $738,600 |
| Land Assessment | $64,500 | Total Assessment | $803,100 |
Property Taxes
Parcel Number
42A10-A-59
Land Assessment
$64,500
Improvements Assessment
$738,600
Total Assessment
$803,100
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2 S Court St
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