Located just off Main Street in the heart of the Town of Luray, 183 Blue Bell Avenue offers a rare opportunity with flexible B-1 zoning allowing for residential, office, retail, or investment use. Built in 1933, this character-filled property blends historic charm with practical updates and strong visibility in a prime in-town location. Offering approximately 1,700 square feet of finished space, the layout includes four bedrooms, one remodeled full bathroom, a spacious living room, dedicated dining area, and kitchen space. A full unfinished basement provides excellent storage space. The property has a proven track record of versatility - previously operating as a record store and most recently used as a residential rental. Abundant on-site parking enhances its appeal for business use, clients, or tenants. Recent improvements include fresh paint throughout, newer windows, a remodeled bathroom, and freshly painted and sealed porch and roof (Fall 2025), offering peace of mind for the next owner. Whether you're seeking a centrally located office, boutique retail space, short- or long-term rental investment, or a unique primary residence with business flexibility, this property delivers location, visibility, and opportunity.