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    Norfolk, VA
    Commercial Kitchen

    Norfolk, VA Commercial Kitchens for Sale

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    Turnkey Commercial Kitchen Near Ghent
    Updated: May 27
    Turnkey Commercial Kitchen Near Ghent

    813 W 39th St, Norfolk, VA 23508

    $299,000
    943 sqft
    Turnkey commercial kitchen with included equipment.
    Renovated in 2024 with new roof, HVAC, and kitchen updates.
    Located near Ghent neighborhood and Colley Ave.
    Former café space.
    Kitchen improvements.
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    This listing looks promising.

    Here's a quick look at some key insights for

    813 W 39th St, Norfolk, VA 23508

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $168K
      Suggested

    • Property Type

      Single Family Residence
      Built 1922
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Stand-Alone Restaurant Property
    Turnkey Stand-Alone Restaurant Property

    1370 S Military Highway, Chesapeake, VA 23320

    $779,000
    2,623 sqft 0.57 AC lot

    Stand-alone restaurant building with extensive commercial kitchen equipment, dining furniture, and real estate ownership.

    View details
    Turnkey Convenience Store Business
    Turnkey Convenience Store Business

    13675 Warwick Boulevard, Newport News, VA 23602

    $120,000
    1,600 sqft 0.04 AC lot

    Business-only sale with sublease, fully operational convenience store with fast-food preparation and approved EBT, alcohol, tobacco, and lottery.

    View details
    Free-Standing Restaurant and Performance Venue
    Free-Standing Restaurant and Performance Venue

    112 Hunt St., Durham, NC 27701

    $1,395,000
    5,000 sqft

    Renovated warehouse with a compact commercial kitchen, performance stage, and large outdoor patio for mixed-use entertainment.

    View details
    Retail Strip Center Kitchen Suites
    Retail Strip Center Kitchen Suites

    2827 N. Roxboro Rd., Durham, NC 27704

    $499,000
    7,210 sqft

    Three vacant retail suites, including a catering kitchen with built-in equipment, support restaurant and commissary concepts.

    View details

    Norfolk, VA Commercial Kitchens Market Trends and Statistics

    Explore 1 commercial kitchens for sale in Norfolk, VA on our real estate platform. These investment opportunities span a total of 943 square feet of properties for sale, with an estimated market value of $299,000.

    Sale prices for industrial kitchens in Norfolk, VA start at $299,000, averaging $299,000, and reaching up to $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 2
    Coffee shops 1
    Commercial kitchens 1
    Drive through restaurants 1

    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    High-Yield Neighborhoods for Investment

    Identify Norfolk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23508 $299K

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Norfolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Norfolk city

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Norfolk fall within the 100,000+ square foot range.

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