Log In/Sign Up
Your email has been sent.
Business-Zoned Land Next to Days Inn Hotel 591-890 Spring Farm 5.5 Acres of Commercial Land Online Auction Sale Luray, VA 22835
Investment Highlights
- 591-890 Spring Farm is a 5.5-acre land site next to a Days Inn hotel with an active hotel easement for access off Lee Highway.
- Zoned B1 to accommodate a wide range of commercial developments, with nearby retailers of Walmart, CVS, Food Lion, Dunkin’, and more.
- Half a million tourists come to the caverns annually to see the largest cave in the Eastern United States near Shenandoah National Park.
- Visible to more than 5,000 daily passing vehicles at the intersection of Lee Highway and Whispering Hill Road.
- Located in Luray, Virginia, home of the historic Luray Caverns and Old Rag Mountain, a scenic travelers' destination.
- Absolute auction | Starting bid $1.
Executive Summary
As the exclusive advisor, Cushman & Wakefield | Thalhimer presents the 5.5-acre commercial development opportunity at 591-890 Spring Farm in Luray, Virginia. The land is offered to the market in its raw condition and with level topography, ready for permitting to begin on the vacant land. There is an easement with the neighboring building, a Days Inn hotel, for approximately 780 feet of access road across the lower portion of the land parcel.
The Days Inn Luray Shenandoah is a 138-key hotel and part of Wyndham Hotels & Resorts. It is rated 3+ stars and offers an outdoor pool, RV parking, standard guest rooms, and extended-stay suites. The hotel caters to year-round tourists exploring the Shenandoah Valley's scenic beauty.
Downtown Luray’s Main Street is lined with locally owned businesses and restaurants, such as Gathering Grounds Patisserie and Café, Hawksbill Brewing Co., Il Vesuvio Italian Restaurant and Pizzeria, and the Willow Grove Farm Market. Walmart, Food Lion, and CVS Pharmacy are on the west side of town.
Luray offers spectacular views of the Blue Ridge Mountains from its scenic Skyline Drive at Shenandoah National Park. It is home to the ‘Endless Caverns’, more than 5 miles of underground caves and rock formations, attracting around 500,000 visitors each year to tour the cave, which is designated a US National Landmark. Travelers come to Luray to see the towering stone columns and crystal-clear pools at Luray Caverns. Lake Arrowhead, another natural demand generator, offers a pristine beach, outdoor recreation opportunities, and relaxing picnic spots. Luray is approximately 15 miles from Interstate 81, which leads to Harrisonburg, 32 miles away.
Schedule an on-site visit today and learn more about permitting and approvals applicable under the B1 Business Commercial zoning, adding to the Shenandoah’s commercial scene.
The Days Inn Luray Shenandoah is a 138-key hotel and part of Wyndham Hotels & Resorts. It is rated 3+ stars and offers an outdoor pool, RV parking, standard guest rooms, and extended-stay suites. The hotel caters to year-round tourists exploring the Shenandoah Valley's scenic beauty.
Downtown Luray’s Main Street is lined with locally owned businesses and restaurants, such as Gathering Grounds Patisserie and Café, Hawksbill Brewing Co., Il Vesuvio Italian Restaurant and Pizzeria, and the Willow Grove Farm Market. Walmart, Food Lion, and CVS Pharmacy are on the west side of town.
Luray offers spectacular views of the Blue Ridge Mountains from its scenic Skyline Drive at Shenandoah National Park. It is home to the ‘Endless Caverns’, more than 5 miles of underground caves and rock formations, attracting around 500,000 visitors each year to tour the cave, which is designated a US National Landmark. Travelers come to Luray to see the towering stone columns and crystal-clear pools at Luray Caverns. Lake Arrowhead, another natural demand generator, offers a pristine beach, outdoor recreation opportunities, and relaxing picnic spots. Luray is approximately 15 miles from Interstate 81, which leads to Harrisonburg, 32 miles away.
Schedule an on-site visit today and learn more about permitting and approvals applicable under the B1 Business Commercial zoning, adding to the Shenandoah’s commercial scene.
Data Room Click Here to Access
- Purchase Agreement
- Miscellaneous
Property Facts
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Total Lot Size | 5.50 AC | ||
| Zoning | B1 - General Business | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 5.50 AC |
| Opportunity Zone |
Yes |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | B1 - General Business |
1 Lot Available
Lot
| Lot Size | 5.50 AC | Parcel Number | 42A6-A-26 |
| Lot Size | 5.50 AC |
| Parcel Number | 42A6-A-26 |
5.5-acre land parcel with an access road easement for the neighboring Days Inn hotel, providing built-in exposure benefits for the B1 Business Zoned commercial site.
About the Seller
Read More
Other Properties in the BERNSTEIN COMPANIES Portfolio
Sale Advisor
Sale Advisor
Annie O'Connor, Senior Vice President
Annie joined the Thalhimer Retail Group in 2017, after two years at Colliers International. Prior to getting into commercial real estate, Annie worked closely with the local restaurant industry in a former position with Sysco Virginia. Her job there as a marketing and food sales consultant has given her a great understanding of restaurants and the hospitality industry in the Richmond market. Annie currently represents both local and national tenants in the Virginia markets. Her longstanding relationships with local developers allows her first hand knowledge of new opportunities for clients. Annie’s extensive market knowledge and longstanding relationships has enabled her to provide outstanding results for both Tenant and Landlords alike. Annie has extensive market knowledge and strong connections with tenants and landlords alike.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X Jessica Anne Figueroa RE Brkr 0226033409
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Business-Zoned Land Next to Days Inn Hotel | 591-890 Spring Farm
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
Presented by
Business-Zoned Land Next to Days Inn Hotel | 591-890 Spring Farm
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.