Discover a unique opportunity to own a fully furnished, established short-term rental on approximately 4.6+ acres across two separate lots zoned R3, all within the Town of Luray! Ideally situated just a short distance from downtown Luray, Luray Caverns, Shenandoah National Park, and Skyline Drive, this charming, updated farmhouse offers an exceptional combination of location, privacy, mountain views, and investment potential. Currently operating as an active short-term rental (STR), the property offers an attractive opportunity for buyers seeking a vacation rental investment, second home, or primary residence in the heart of the Shenandoah Valley. The property features a wonderful balance of spacious, open, level yard and mature woods, providing plenty of usable outdoor space while maintaining a peaceful, private setting rarely found within town limits. Enjoy picturesque views of downtown Luray, the historic Mimslyn Inn, and the surrounding Blue Ridge Mountains, all while being just a short distance from downtown shops, restaurants, and local attractions. Inside, the inviting farmhouse offers 4 bedrooms, 2 full bathrooms, an updated kitchen with stainless steel appliances, comfortable living spaces, and easy-to-maintain flooring throughout. A spacious covered front porch welcomes you home and provides the perfect place to enjoy your morning coffee, while the screened-in porch offers an ideal setting to relax and take in the beautiful surroundings. Additional features include a durable metal roof, all-electric utilities, public water and sewer, town trash collection, established landscaping, and ample parking. The expansive grounds offer abundant opportunities for outdoor recreation, gardening, entertaining, or simply enjoying the natural beauty and privacy of the property. Offered fully furnished and already operating as a short-term rental, this property provides a convenient opportunity to acquire a well-established vacation destination in one of the Shenandoah Valley's most popular tourism areas. Whether you are looking for an investment property, a private getaway, or a spacious full-time residence, 505 Mechanic Street offers a rare combination of acreage, versatility, scenic views, and an outstanding in-town location!