The Cabins @ Brookside | 2978 US Highway 211
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The Cabins @ Brookside 2978 US Highway 211
9 Room Hotel Luray, VA 22835 $2,100,000 ($233,333/Room)
INVESTMENT HIGHLIGHTS
- 4 Miles from the Luray Caverns.
- Strong local brand, historic lodging and eatery, great repeat customer basis.
EXECUTIVE SUMMARY
4.3 acres, zoned commercial, on Highway 211 just 4 miles west of a primary entrance to Skyline Drive in the Shenandoah National Park; and 4 miles east of the world renowned Luray Caverns. Tourist visitation to these attractions tops 500,000 annually. Other area attractions include the Shenandoah River with local canoe outfitters, wineries, numerous large wedding venues and historical sites. Strong local brand, historic lodging and eatery, great repeat customer basis. Multi generations have visited this local landmark and return annually. Family Dining restaurant with full menu, buffet and bar service. Nine log-sided cabins with upscale decor backing to a 'babbling brook' PLUS separate on-site residence of 1200 sq. ft. Many extensive physical and equipment upgrades through 2016. Only 4 sequential owners over last 100 year; current owners have operated for the last 30 years. Visit www.brooksidecabins.com for more info. Owner is licensed RE Broker, Commonwealth of VA. Two new HVAC units and recently renovated exterior. Photos coming soon.
PROPERTY FACTS Under Contract
| Price | $2,100,000 | Lot Size | 4.28 AC |
| Price Per Room | $233,333 | Building Size | 11,815 SF |
| Sale Type | Investment | No. Rooms | 9 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1939/2022 |
| Building Class | C | Parking Ratio | 4.23/1,000 SF |
| Price | $2,100,000 |
| Price Per Room | $233,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.28 AC |
| Building Size | 11,815 SF |
| No. Rooms | 9 |
| No. Stories | 1 |
| Year Built/Renovated | 1939/2022 |
| Parking Ratio | 4.23/1,000 SF |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 9 | $100.00 | - |
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PROPERTY TAXES
| Parcel Number | 44-A-49 | Improvements Assessment | $986,800 |
| Land Assessment | $94,100 | Total Assessment | $1,080,900 |
PROPERTY TAXES
Parcel Number
44-A-49
Land Assessment
$94,100
Improvements Assessment
$986,800
Total Assessment
$1,080,900
ZONING
| Zoning Code | commercial (Commercial zoning.) |
| commercial (Commercial zoning.) |
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The Cabins @ Brookside | 2978 US Highway 211
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