Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1913
Sq.Footage
3,957
Investment opportunity in a prominent Main Street location in downtown Luray! This five-unit apartment building zoned B-1 is currently vacant and ready for its next owner to renovate, reposition, and unlock its potential. Situated on approximately 0.275 acres at the corner of West Main Street and South Lee Street, the property offers a highly visible and convenient location within walking distance of downtown shops, restaurants, services, and other amenities. The building retains its original character, including hardwood flooring, a dual staircase, multiple balconies, and a wrap-around porch/deck. Five existing apartment units provide an excellent starting point for an investor looking to renovate the property and return it to productive use. The property requires substantial renovation, allowing a new owner to update the units, finishes, systems, and common areas to suit their investment plans. Additional features include an unfinished basement offering useful storage and utility space, outdoor areas for tenants, and off-street parking. With all five units currently vacant, a purchaser has the advantage of undertaking renovations without coordinating construction around existing tenants or leases. Whether envisioned as a renovated long-term rental property or another use permitted by applicable zoning, 333 West Main Street offers a rare opportunity to acquire a five-unit property in the heart of Luray and create value through renovation and improved operations.
Features & Amenities
Interior
-
Other Interior Features
Cathedral Ceiling(s), High Ceilings
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Above Grade Finished Area
3957.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Oil, Hot Water, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete, Wood Siding, Stone
-
Other Exterior Features
Balcony
-
Parking
Off Street, Driveway
-
Patio and Porch Features
Deck
-
Pool
No
-
Waterfront YN
NO
-
View
City, Street
Area & Lot
-
Lot Size(acres)
0.28
-
Lot Size(square feet)
12,197
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Victorian
Price
-
Sales Price
$469,000
-
Tax Amount
$1,636.14
-
Sq. Footage
3,957
-
Price/SqFt
$118
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
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Elementary School
Middle School
High School
Listing Courtesy of Lauren S Reed, Funkhouser Real Estate Group
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Salesperson, Realtor
Andrew Boateng
Call Andrew today to schedule a private showing.
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