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    Norfolk, VA
    Conventional Restaurant

    Norfolk, VA Conventional Restaurants for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA Smithfield, VA
    Historic Norfolk Restaurant Investment Opportunity
    Updated: Apr 9
    Historic Norfolk Restaurant Investment Opportunity

    241 Granby Street, Norfolk, VA 23510

    $1,400,000
    6,400 sqft 0.03 AC lot
    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.
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    This listing looks promising.

    Here's a quick look at some key insights for

    241 Granby Street, Norfolk, VA 23510

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $80K
      Annual

    • Price @ 7% Cap

      $1.14M
      Suggested
    View Property Analytics
    Restaurant Opportunity Near ODU Campus
    Updated: Mar 17
    Restaurant Opportunity Near ODU Campus

    2700 Hampton Blvd, Norfolk, VA 23517

    $1,975,000
    2,872 sqft
    Direct frontage on Hampton Boulevard at NE corner of Hampton Boulevard and 27th Street
    Adjacent to ODU Campus
    High Traffic Count: 35,085 VPD
    Fully equipped restaurant includes all FF&E
    Served by two traffic lights on 27th and 35th Streets
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    Fully Equipped Restaurant Space
    Fully Equipped Restaurant Space

    5018-5018 E Princess Anne Rd, Norfolk, VA 23502

    Contact for pricing
    2,976 sqft

    Renovated restaurant space with kitchen equipment, two bathrooms, lounge and bar areas, and approximately 25 parking spaces.

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    Turnkey Restaurant Business
    Turnkey Restaurant Business

    155 W Ocean View Avenue, Norfolk, VA 23503

    Contact for pricing

    Restaurant business offered for sale with included equipment and renovations that are approximately 30+ years old.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 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.

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    Turnkey Full-Service Restaurant
    Turnkey Full-Service Restaurant

    2900 Airline Boulevard, Portsmouth, VA 23701

    $246,000
    6,080 sqft 1.21 AC lot

    Fully equipped full-service restaurant with seating for about 130 guests and a private dining room for up to 30.

    View details
    Brick Restaurant Building and Business
    Brick Restaurant Building and Business

    3332 Victory Boulevard, Portsmouth, VA 23701

    $565,900
    1,222 sqft 0.32 AC lot

    Well-maintained all-brick restaurant building with included kitchen fixtures on a corner lot for sale.

    View details
    Turnkey Mediterranean Restaurant
    Turnkey Mediterranean Restaurant

    1437 Sam's Drive, Chesapeake, VA 23320

    $450,000
    1,500 sqft 5.79 AC lot

    Turnkey Mediterranean restaurant with $700K+ annual gross sales and a lease in place through 2030 at $3,900 per month.

    View details

    Norfolk, VA Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in Norfolk, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,248 square feet of properties for sale, with an estimated market value of $3,375,000.

    Sale prices for conventional restaurants in Norfolk, VA start at $1,400,000, averaging $1,687,500, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 6
    Bars & Pubs 2
    Coffee shops 1
    Commercial kitchens 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 $325K
    23510 $1.4M
    23502 $1.9M
    23517 $2M

    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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    Most Searched ZIP Codes in Norfolk, VA

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    • 23510
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