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    Richmond, VA
    Conventional Restaurant

    Richmond, VA Conventional Restaurants for Sale

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    Henrico, VA Bon Air, VA Mechanicsville, VA Glen Allen, VA Chesterfield, VA Highland Springs, VA Midlothian, VA Sandston, VA
    9 properties
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    Mixed-Use Restaurant and Residential Building
    Updated: Apr 30, 2025
    Mixed-Use Restaurant and Residential Building

    417 W Grace Street, Richmond, VA 23220

    $1,650,000
    6,132 sqft
    Year built 2015; completely renovated in 2015 for updated mixed‑use living and dining spaces
    Mixed‑use building with residential interiors and a dedicated commercial restaurant space
    Central air and heat pump HVAC; heating includes 3 units
    Residential kitchens include granite countertops, stainless‑steel appliances, and washers/dryers in all units
    Restaurant space includes a 15' stainless hood, exhaust system, gas stove, large walk‑in refrigerator, grease trap, and sprinkler system
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    This listing looks promising.

    Here's a quick look at some key insights for

    417 W Grace Street, Richmond, VA 23220

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $80K
      Annual

    • Price @ 7% Cap

      $1.14M
      Suggested

    • Last Sold

      Feb 2015
      $835K

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1919
    View Property Analytics
    Historic Corner Retail Restaurant
    Updated: Jun 2
    Historic Corner Retail Restaurant

    520 N 25th St, Richmond, VA 23223

    Contact for pricing
    4,500 sqft
    Centrally located Church Hill neighborhood corner property on a highly walkable site
    Prominent corner location suitable for retail, restaurant, and community gathering applications
    Historic architectural presence and unique exterior elements
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    Single-Tenant NNN Restaurant Ground Lease
    Single-Tenant NNN Restaurant Ground Lease

    11450 Midlothian Turnpike, Richmond, VA 23235

    Contact for pricing
    6,692 sqft

    For sale Carrabba’s Italian Grill on an absolute NNN ground lease with about 10 years remaining and scheduled 10% escalations.

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    Move-In Ready Restaurant with Patio
    Move-In Ready Restaurant with Patio

    618 N 1st St, Richmond, VA 23219

    Contact for pricing
    2,667 sqft

    Renovated ground-floor restaurant with rear patio and off-street parking for a smooth owner-operator setup.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Fully Leased Mixed-Use Building
    Fully Leased Mixed-Use Building

    1600 BROOK RD, Richmond, VA 23220

    Contact for pricing
    6,620 sqft

    Fully leased mixed-use building with ground-floor restaurant and retail, plus a second-floor walk-up office tenant.

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    Richmond Corner Lot Investment Opportunity
    Richmond Corner Lot Investment Opportunity

    1217 E Main St, Richmond, VA 23219

    $1,200,000

    Prime corner lot in Richmond's financial district with high visibility.

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    NNN Restaurant with Patio Seating
    NNN Restaurant with Patio Seating

    2028 W Cary St, Richmond, VA 23220

    Contact for pricing
    1,470 sqft

    1,470 SF NNN restaurant space with outdoor patio seating, off-street parking, and 3.5 years remaining on lease.

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    Mixed-Use Building with Street-Level Retail
    Mixed-Use Building with Street-Level Retail

    1713 E Main St, Richmond, VA 23220

    $1,700,000

    Mixed-use property with ground-level restaurant/bar-ready space and upper-level units for residential, office, or short-term rental use.

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    Restaurant-Fit Commercial Space
    Restaurant-Fit Commercial Space

    112 East Clay Street, Richmond, VA 23219

    Contact for pricing

    First-floor commercial space with a full kitchen and restaurant fit, with additional rented basement storage.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Richmond, 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.

    Freestanding Restaurant on Major Boulevard
    Freestanding Restaurant on Major Boulevard

    2005 Lafayette Blvd, Fredericksburg, VA 22401

    $1,400,000
    1,456 sqft 0.47 AC lot

    Freestanding restaurant property on Lafayette Boulevard with strong daily drive-by exposure and CT zoning for flexible commercial use.

    View details
    Freestanding Restaurant Building
    Freestanding Restaurant Building

    2005 LAFAYETTE Boulevard, Fredericksburg, VA 22401

    $1,400,000
    0.47 AC lot

    Freestanding restaurant on a highly traveled boulevard with commercial-tourist zoning for a range of uses.

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    Commercial Building with Restaurant Space
    Commercial Building with Restaurant Space

    2019 E Washington Street, Petersburg, VA 23803

    $379,000
    2,400 sqft

    2400 sq ft commercial building with restaurant and retail.

    View details
    Brewery Restaurant with Patio
    Brewery Restaurant with Patio

    235 N Market St, Petersburg, VA 23803

    Contact for pricing

    Restaurant and brewery setup includes interior and exterior seating with a rear group area and patio.

    View details

    Richmond, VA Conventional Restaurants Market Trends and Statistics

    Explore 9 conventional restaurants for sale in Richmond, VA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 28,081 square feet of properties for sale, with an estimated market value of $4,550,000.

    Sale prices for conventional restaurants in Richmond, VA start at $1,200,000, averaging $1,516,666, and reaching up to $1,700,000 — 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 32
    Drive through restaurants 10
    Coffee shops 6
    Commercial kitchens 4
    Bars & Pubs 2

    Demographics Overview

    Population 594K
    Population Growth (5Y) +3.2%
    Median Household Income $75,947
    College Educated 27.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23224 $520K
    23219 $896.7K
    23220 $1.5M
    23235 $3.1M

    Taxes & Financing

    Tax Rate (average for all types) 0.37%
    Property Tax per SF $7.41 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Richmond City County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Richmond, VA

    • 23220
    • 23219
    • 23223
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