211 Tannery Rd, Luray, VA 22835

Property Description

Zoned M1 and situated on 1.55 acres, this 13,400 sq. ft. small-bay industrial/flex property offers a compelling opportunity for investors, contractors, automotive users, trades, or an owner-occupant looking to operate their business while generating rental income from the remaining space. The property is configured with seven large front units plus two rear garages measuring approximately 15' x 50' each. Units A and B are approximately 40' x 50' with 13' ceilings, two overhead doors measuring approximately 10' and 12', and private bathrooms with sink and toilet, plus plumbing in place for a water heater and shower. Unit C offers front and rear 8' garage doors, approximately 10' ceilings, and a similarly equipped bathroom. Units D-G feature approximately 8' ceilings, 7' garage doors, and private bathrooms with plumbing for additional improvements. Each primary unit is well insulated, separately metered for electricity, and equipped with its own 5-ton HVAC system. The two rear garages include gas wall heaters. A separate storage building is also included. The property currently generates approximately $3,790 per month in rental income while the owner occupies two of the units, creating an immediate combination of income and usable space. For an investor, the existing rents also present a potential value-add opportunity, with pro forma rents indicating meaningful upside as leases are repositioned toward current market levels. With flexible M1 zoning, multiple individually usable bays, separate utilities, existing income, owner-user potential, and additional land that may allow for future expansion, 211 Tannery Road is well positioned for a wide range of commercial users and investors.