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    8 East Luray Shopping Ctr Luray, VA 22835

    For Lease
    $5 SF/Yr

    24,759 sq ft turnkey grocery space in East Luray Shopping Center.

    Property size:
    90,445 SF
    Lot size:
    90,445 SF

    Property Features for 8 East Luray Shopping Ctr

    General Information

    Size
    90,445 SF

    Building Details

    Year built
    1965

    Source: Jim Guisewhite Agent Jim Guisewhite

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Grocery Space in Luray

    Located in the East Luray Shopping Center in Luray, Virginia, this 24,759 sq ft space presents an opportunity for a turnkey grocery store or adaptable retail reuse. The space is centrally positioned within residential and commercial communities. The store is equipped with checkout counters, shelving, refrigeration, a produce department, and a butcher shop. Additional warehouse space with 2 docks and roll-up doors provides easy access. The property is located in Downtown Luray, VA, and has favorable property logistics to draw industrial and residential traffic. The location experiences minimal competition on the East side of Luray. The property is in an anchored multi-tenant center with more than 20 other tenants, including Label Shopper. Page County and Luray are experiencing significant growth in both residential development and tourism. Luray has tourist attractions, including Luray Caverns, Shenandoah National Park (known for Skyline Drive), George Washington National Forest, and the Shenandoah River with its various attractions, campgrounds, and RV parks. Page County is designated as "Virginia's Cabin Capital" with more than 500 vacation and rental properties.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.4464252
    Latitude
    38.6651027

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    FAQs

    What type of property is this?
    Grocery and convenience store - 24,759 sq ft turnkey grocery space in East Luray Shopping Center.
    Where is this grocery and convenience store located?
    The property is located at 8 East Luray Shopping Ctr Luray, VA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey 24,759 sq ft grocery space with **existing checkout counters, shelving, refrigeration, produce department, and butcher shop** for quick opening.; - Located in the East Luray Shopping Center, an anchored multi-tenant center centrally positioned within residential and commercial communities.; - Additional warehouse space with 2 docks and roll-up doors for easy access and efficient operations.
    (540) 325-0573
    Request Owner's contact information
    8 East Luray Shopping Ctr Luray, VA 22835
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8 East Luray Shopping Ctr Luray, VA 22835
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