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Investment Highlights

  • Located at signalized intersection at western entrance to historic Luray, adjacent the Mimslyn Inn and Page Memorial Hospital.

Executive Summary

Prime residential development opportunity in the small and scenic Town of Luray, in the beautiful Shenandoah Valley. An optimal location for a variety of multi-family residential or townhome uses, the 4.8-acre property is located at the signalized intersection of Main Street & Memorial Drive, at the western entrance to historic downtown Luray. Adjacent to the historic Mimslyn Inn and Page Memorial Hospital, the site offers walkable amenities with panoramic mountain views, all less than two miles from the Caverns Country Club Resort and Luray Caverns Airport.

Property Facts

Price $595,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Hotel
  • Single Family Development
Total Lot Size 4.80 AC
Zoning B-1 - Business with the ability to develop residential via Special Use Permit.

1 Lot Available

Lot

Price $595,000
Price Per AC $123,958.33
Lot Size 4.80 AC

4.8 acre site at signalized intersection

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
42A10-A-67
Land Assessment
$355,500
Improvements Assessment
$0
Total Assessment
$355,500
  • Listing ID: 29763581

  • Date on Market: 10/11/2023

  • Last Updated:

  • Address: Main Street & Memorial Drive, Luray, VA 22835

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