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    Norfolk, VA Conventional Restaurants for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA
    Historic Norfolk Restaurant Investment Opportunity
    $1,400,000
    6,400 SF

    Historic Norfolk Restaurant Investment Opportunity

    241 Granby Street, Norfolk, VA 23510

    Turnkey restaurant and bar in downtown Norfolk's historic district.

    • Stabilized, turnkey investment with long‑term tenant in place providing immediate income.
    • Prime location in downtown Norfolk's historic district in a high‑traffic, centrally located corridor.
    • Spacious two‑story restaurant and bar with additional mezzanine level.
    • One of the largest restaurant footprints in the area.
    • Extensive tap system already installed.
    Updated: Apr 9
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    Turnkey Restaurant Space Near Ghent
    $325,000
    943 SF

    Turnkey Restaurant Space Near Ghent

    813 W 39th St, Norfolk, VA 23508

    Renovated restaurant space ideal for various food-service concepts.

    • Fully built‑out former café space ideal for restaurant, café, ghost kitchen, or specialty food concept.
    • Renovated in 2024 with new roof, new HVAC, and updated commercial kitchen.
    • Extensive kitchen equipment included: 10‑burner stove, griddle, refrigerators, freezer, deli slicer, 11’ hood system.
    • Located just outside Ghent, near dining, retail, and entertainment.
    • Strong nearby residential density.
    Updated: Jan 29
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    Restaurant Opportunity Near ODU Campus
    $1,975,000
    2,872 SF

    Restaurant Opportunity Near ODU Campus

    Fully equipped restaurant with franchise opportunity near ODU campus.

    2700 Hampton Blvd, Norfolk, VA 23517
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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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.

    Established Hotel & Restaurant For Sale
    $1,250,000
    5,450 SF

    Established Hotel & Restaurant For Sale

    Fine dining restaurant, bar, and boutique hotel in Onancock.

    7 NORTH ST, Onancock, VA 23417
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    Established Restaurant in Onancock, VA
    $997,000
    0.27 Acres

    Established Restaurant in Onancock, VA

    Turn-key restaurant for sale in Onancock with high visibility.

    151 MARKET STREET, Onancock, VA 23417
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    Petersburg Retail Center on Crater
    $1,300,000
    10,578 SF

    Petersburg Retail Center on Crater

    Five-bay retail center with high visibility and growth potential.

    2825 S Crater Rd, Petersburg, VA 23805
    View details
    Commercial Building with Restaurant Space
    $379,000
    2,400 SF

    Commercial Building with Restaurant Space

    2400 sq ft commercial building with restaurant and retail.

    2019 E Washington Street, Petersburg, VA 23803
    View details

    Norfolk, VA Conventional Restaurants Investment Opportunities Market Analysis

    Explore 3 conventional restaurants for sale in Norfolk, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,215 square feet of properties for sale, with an estimated market value of $3,700,000.

    Sale prices for conventional restaurants in Norfolk, VA start at $325,000, averaging $1,233,333, and reaching up to $1,975,000 — 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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    6-Month New Listing Trend

    Monthly new listing volume vs. 6-month average in Norfolk.

    Top Commercial Asset Segments

    Conventional restaurants 5
    Bars & Pubs 3
    Drive through restaurants 1

    Property Size Breakdown

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

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    23508 $325K
    23517 $2M

    Taxes & Financing

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

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    Most Searched ZIP Codes in Norfolk, VA

    • 23508
    • 23510
    • 23517

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