Portsmouth, VA Conventional restaurants for sale

Updated: Jun 20, 2025

Corner Conventional Restaurant Building

3332 Victory Boulevard, Portsmouth, VA 23701

$565,900

1,222 sqft 0.32 AC lot

Includes business and building/land for sale with all kitchen fixtures
0.32‑acre corner lot at Greenwood Dr and Victory Boulevard
1,222 SF conventional restaurant building
Zoned GMU
Electric heating with central air conditioning

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This listing looks promising.

Here's a quick look at some key insights for

3332 Victory Boulevard, Portsmouth, VA 23701

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Est. Cap Rate

2.8%
NOI ÷ price
Est. NOI

$16K
Annual
Price @ 7% Cap

$227K
Suggested
Last Sold

Sep 2021
$340K
Property Type

Drive-Thru Restaurant, Fast Food
Built 1970

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Updated: Jun 18

Full-Service Restaurant with Private Dining

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000

6,080 sqft 1.21 AC lot

About 130 guest seats plus a private dining room for up to 30
Complete restaurant package includes double pizza ovens, grills, fryers, prep stations
Walk‑in cooler and walk‑in freezer included
Six POS stations for dine‑in and takeout operations
Natural gas heating with central air and heat pump

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Portsmouth, 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.

Two-Story Restaurant with Mezzanine

241 Granby Street, Norfolk, VA 23510

$1,400,000

6,400 sqft 0.03 AC lot

Commercial condominium component with restaurant, bar, and mezzanine spaces.

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Restaurant Opportunity Near ODU Campus

2700 Hampton Blvd, Norfolk, VA 23517

Contact for pricing

2,872 sqft

Fully equipped restaurant with franchise opportunity near ODU campus.

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Established Mediterranean Restaurant

1437 Sams Dr, Chesapeake, VA 23320

$450,000

Brick-and-mortar operation supports dine-in, catering, and mobile event service.

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Quick-Service Restaurant Property

2212 S Military Hwy, Chesapeake, VA 23320

Contact for pricing

For sale Taco Bell quick-service restaurant at 2212 S Military Hwy in Chesapeake, VA.

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Portsmouth, VA Conventional Restaurants Market Trends and Statistics

Explore 2 conventional restaurants for sale in Portsmouth, VA on our real estate platform. These investment opportunities span a total of 7,302 square feet of properties for sale, with an estimated market value of $811,900.

Sale prices for conventional restaurants in Portsmouth, VA start at $246,000, averaging $405,950, and reaching up to $565,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
23701	$406K

Neighborhood

Average Price

23701

$406K

Portsmouth, VA Conventional Restaurants for Sale

3332 Victory Boulevard, Portsmouth, VA 23701

2900 Airline Boulevard, Portsmouth, VA 23701