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Main Street & Memorial Drive - Main Street Luray 4.8 Acres of Residential Land Offered at $595,000 in Luray, VA 22835
Investment Highlights
- Located at signalized intersection at western entrance to historic Luray, adjacent the Mimslyn Inn and Page Memorial Hospital.
Executive Summary
Prime 4.797 acre development corner in the Town of Luray’s B 1 Business District, ideally positioned for commercial, mixed use, or townhouse development via Special Use Permit. The property sits at the signalized intersection of West Main Street (Business Route 211) and Memorial Drive, directly in front of Valley Health Page Memorial Hospital and near the historic Mimslyn Inn. Outstanding visibility and access, with daily traffic driven by medical, hospitality, senior care, and established residential neighborhoods with Comcast high speed internet available at the street.
Just one mile from Luray Caverns, which attracts roughly 500,000 visitors annually, the site is well suited for hotel, medical office, retail, restaurant, or other B 1 by right uses. Townhouses and additional residential options are allowed by Special Use Permit under the Town of Luray zoning ordinance, offering flexibility for a future mixed use or residential community.
Offered at $595,000. Buyer to verify all uses, utilities, and approvals with the Town of Luray.
Just one mile from Luray Caverns, which attracts roughly 500,000 visitors annually, the site is well suited for hotel, medical office, retail, restaurant, or other B 1 by right uses. Townhouses and additional residential options are allowed by Special Use Permit under the Town of Luray zoning ordinance, offering flexibility for a future mixed use or residential community.
Offered at $595,000. Buyer to verify all uses, utilities, and approvals with the Town of Luray.
Property Facts
1 Lot Available
Lot
| Price | $595,000 | Lot Size | 4.80 AC |
| Price Per AC | $123,958.33 |
| Price | $595,000 |
| Price Per AC | $123,958.33 |
| Lot Size | 4.80 AC |
Prime 4.797 acre development corner at signalized Main Street intersection the Town of Luray’s B 1 Business District, ideally positioned for commercial, mixed use, or townhouse development via Special Use Permit.
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 42A10-A-67 | Improvements Assessment | $0 |
| Land Assessment | $355,500 | Total Assessment | $355,500 |
Property Taxes
Parcel Number
42A10-A-67
Land Assessment
$355,500
Improvements Assessment
$0
Total Assessment
$355,500
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Main Street & Memorial Drive - Main Street Luray
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