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Parkhurst at Rainbowhill 2487 US Highway 211 W 6,000 SF Retail Building Luray, VA 22835 $849,000 ($141.50/SF)
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1938
Price
$849,000
Price Per SF
$141.50
Tenancy
Single
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
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 40-A-87 | Improvements Assessment | $299,700 |
| Land Assessment | $179,500 | Total Assessment | $479,200 |
PROPERTY TAXES
Parcel Number
40-A-87
Land Assessment
$179,500
Improvements Assessment
$299,700
Total Assessment
$479,200
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Parkhurst at Rainbowhill | 2487 US Highway 211 W
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