Conventional Restaurant

Portsmouth, VA Conventional Restaurants for Sale

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Equipped Full-Service Restaurant
Updated: Jun 18
Equipped Full-Service Restaurant

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000
6,080 sqft 1.21 AC lot
6,080‑square‑foot restaurant facility with approximately 130 seats
Private dining room accommodates up to 30 guests
Commercial kitchen includes double pizza ovens, grills, fryers, and prep stations
Walk‑in cooler and walk‑in freezer included
Six POS stations support restaurant operations
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Fully Equipped Restaurant
Updated: Aug 21
Fully Equipped Restaurant

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000
6,080 sqft
6,080‑square‑foot restaurant building constructed in 1964
Seating for approximately 130 guests, including a private dining room for up to 30
Commercial kitchen includes double pizza ovens, grills, fryers, prep stations, walk‑in cooler, and walk‑in freezer
Six POS stations and furniture, fixtures, and equipment included
Established dine‑in and takeout operations with on‑site parking
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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 Bar and Pub
Two-Story Bar and Pub

241 Granby Street, Norfolk, VA 23510

$1,400,000
6,400 sqft 0.03 AC lot

Commercial condominium space features a mezzanine, restaurant buildout, and a long-term tenant in place.

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Restaurant Opportunity Near ODU Campus
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.

View details
Established Mediterranean Restaurant
Established Mediterranean Restaurant

1437 Sams Dr, Chesapeake, VA 23320

$279,000

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

View details
Commercial Land with Ground Lease
Commercial Land with Ground Lease

1401 Tintern St, Chesapeake, VA 23320

$175,000

Ground lease opportunity with frontage along Volvo Pkwy.

View details

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 12,160 square feet of properties for sale, with an estimated market value of $492,000.

Sale prices for conventional restaurants in Portsmouth, VA average $246,000 — 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

Breakfast & diners 2
Commercial kitchens 2
Conventional restaurants 2
Drive through restaurants 2

Demographics Overview

Population 97K
Population Growth (5Y) -6.7%
Median Household Income $59,342
College Educated 29.1%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
23701 $246K

Taxes & Financing

Tax Rate (average for all types) 1.27%
Property Tax per SF $16.32 per SF
Tax Rate vs County Average 0.09 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Portsmouth city

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

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

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