Parkhurst at Rainbowhill 2487 US Highway 211 W

2487 US Highway 211 W , Luray, Virginia, 22835 | 6,000 sq.f | $ 950,000

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About This Restaurant

Investment Highlights

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 Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Freestanding General Retail Restaurant General Retail Storefront Retail/Residential Storefront
  • Building Size    6,000
  • Building Class    C
  • Year Built    1938
  • Price    950,000
  • Price Per SF    158
  • Percent Leased    100
  • Building Height    1 Story
  • Building FAR    0.02
  • Land Acres    7.95 AC

Property Taxes

Parcel Number 40-A-87 Improvements Assessment $179,500
Land Assessment $299,700 Total Assessment $479,200
Date Created: 2024-07-16 04:23:47 Last Updated: 2024-07-16 04:23:47
Address: 2487 US Highway 211 W , Luray, Virginia, 22835