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    Norfolk, VA
    Grocery Store

    Norfolk, VA Grocery And Convenience Stores for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA Smithfield, VA
    Retail Property with Drive Thru
    Updated: Jun 5, 2025
    Retail Property with Drive Thru

    5357 E Princess Anne Rd, Norfolk, VA

    $795,000
    4,197 sqft 0.51 AC lot
    High traffic location: 20,000 cars per day and a population of over 105,000 within 3 miles.
    Drive‑thru capability.
    Value‑add repositioning or redevelopment opportunity.
    Existing lease income: 7‑Eleven has 2.5 years remaining on the lease.
    Month‑to‑month tenant (Kulture Kutz Barber Shop) interested in a long‑term lease extension.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    5357 E Princess Anne Rd, Norfolk, VA

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    • Est. Cap Rate

      6.6%
      Above avg (5.9%)

    • Est. NOI

      $52K
      Annual

    • Mortgage

      $780K
      Oct 2019

    • Last Sold

      Oct 2019
      $1.23M

    • Property Type

      Convenience Store
      Built 1968
    View Property Analytics
    7-Eleven Store Investment Opportunity
    Updated: Nov 20, 2025
    7-Eleven Store Investment Opportunity

    1115 Colonial Ave, Norfolk, VA

    $1,700,000
    2,811 sqft 0.30 AC lot
    Long‑term lease: Tenant recently extended their lease for 13 years with two 5‑year options, ensuring stable income.
    Passive Investment: No landlord responsibilities, offering a management‑free investment.
    Rental Increases: Lease includes 6% rental increases in Dec. 2030 and at the beginning of each option period, hedging against inflation.
    Strong Tenant: 7‑Eleven operates/franchises/licenses over 14,000 stores in the U.S. and Canada, indicating a reliable tenant.
    Tenant Pays Expenses: Tenant covers CAM, taxes, insurance, and all maintenance, minimizing owner costs.
    View details
    Neighborhood Retail Shopping Center
    Neighborhood Retail Shopping Center

    2300 E Little Creek Road, Norfolk, VA 23518

    Contact for pricing

    Decades of operating history and long-tenured retailers support stable traffic from a dense middle-income trade area.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Portfolio For Sale
    Retail Portfolio For Sale

    5461 Wesleyan Dr, Virginia Beach, VA 23455

    $15,000,000
    64,059 sqft

    Portfolio featuring shopping center, net lease, and commercial land.

    View details
    Commercial Lot with Retail Potential
    Commercial Lot with Retail Potential

    2345 Pruden Blvd, Suffolk, VA 23434

    $995,000
    39,000 sqft

    Commercial lot with structures, ideal for retail or restaurant.

    View details
    Retail Opportunity in Dense Corridor
    Retail Opportunity in Dense Corridor

    2332 Pruden Blvd, Suffolk, VA

    $415,000
    1,800 sqft 0.69 AC lot

    Retail space suitable for store, restaurant, or other retail.

    View details
    Retail Shopping Center Near Naval Base
    Retail Shopping Center Near Naval Base

    5193 Shore Drive, Virginia Beach, VA 23455

    Contact for pricing

    Retail opportunity adjacent to Joint Expeditionary Base Little Creek with established anchors Food Lion and Navy Federal Credit Union.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Corner Lot in Moyock
    Prime Corner Lot in Moyock

    355 Caratoke Highway lot: 3,4.&5, Moyock, NC 27958

    $1,255,000
    3.58 AC lot

    3.58 acres on Caratoke Highway with General Business zoning.

    View details
    General Business Corner Development Land
    General Business Corner Development Land

    Tulls Creek Road, Moyock, NC 27958

    $1,299,950
    24.12 AC lot

    Zoned General Business, the corner site offers 1,300+ feet of frontage on Caratoke Hwy and 1,100+ feet on Tulls Creek Rd.

    View details
    Camden, NC Corner Lot
    Camden, NC Corner Lot

    343 Hwy S, Camden, NC 27974

    $150,000
    1.99 AC lot

    Level 1.99 acre corner lot zoned Village.

    View details
    Emporia Commercial Land Opportunity
    Emporia Commercial Land Opportunity

    Commonwealth Blvd, Emporia, VA 23847

    $245,000
    9.83 AC lot

    9.83 acres of cleared, flat commercial land for sale.

    View details

    Off-Market Properties in Norfolk, VA

    Consider similar Off-Market properties in Norfolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    8312 Hampton Blvd
    CONVENIENCE STORE

    8312 Hampton Blvd, Norfolk, VA 23505-1007

    Value Estimation by Request
    2,820 sqft 0.37 AC lot
    View details
    2515 Monticello Ave
    CONVENIENCE STORE

    2515 Monticello Ave, Norfolk, VA 23517-1433

    $975,000
    Estimated value
    2,640 sqft 0.37 AC lot
    View details
    298 Bay Ave
    CONVENIENCE STORE

    298 Bay Ave, Norfolk, VA 23503-4507

    Value Estimation by Request
    2,556 sqft 0.46 AC lot
    View details
    8489 Chesapeake Blvd
    CONVENIENCE STORE

    8489 Chesapeake Blvd, Norfolk, VA 23518-2615

    Value Estimation by Request
    2,343 sqft 0.23 AC lot
    View details
    1073 48th St
    CONVENIENCE STORE

    1073 48th St, Norfolk, VA 23508-1967

    $4,100,000
    Estimated value
    2,922 sqft 0.24 AC lot
    View details
    6103 Military Hwy
    CONVENIENCE STORE (W/FUEL PUMP)

    6103 Military Hwy, Norfolk, VA 23518-5434

    $2,610,000
    Estimated value
    5,153 sqft 2.64 AC lot
    View details
    1243 Norview Ave
    CONVENIENCE STORE (W/FUEL PUMP)

    1243 Norview Ave, Norfolk, VA 23513-2048

    Value Estimation by Request
    1,512 sqft 0.64 AC lot
    View details
    5200 Colley Ave
    CONVENIENCE STORE

    5200 Colley Ave, Norfolk, VA 23508-2044

    $1,195,000
    Estimated value
    2,628 sqft 0.24 AC lot
    View details
    6135 Chesapeake Blvd
    CONVENIENCE STORE (W/FUEL PUMP)

    6135 Chesapeake Blvd, Norfolk, VA 23513-2056

    $1,585,000
    Estimated value
    1,230 sqft 0.51 AC lot
    View details
    500 Military Hwy
    CONVENIENCE STORE (W/FUEL PUMP)

    500 Military Hwy, Norfolk, VA 23502-3623

    $2,015,000
    Estimated value
    1,513 sqft 1.17 AC lot
    View details
    1745 Wilson Rd
    CONVENIENCE STORE

    1745 Wilson Rd, Norfolk, VA 23523-1944

    Value Estimation by Request
    1,428 sqft 0.33 AC lot
    View details
    1200 Monticello Ave
    CONVENIENCE STORE (W/FUEL PUMP)

    1200 Monticello Ave, Norfolk, VA 23510-2612

    $755,000
    Estimated value
    2,228 sqft 0.42 AC lot
    View details
    774 Little Crk Rd
    CONVENIENCE STORE (W/FUEL PUMP)

    774 Little Crk Rd, Norfolk, VA 23505-2002

    $730,000
    Estimated value
    2,684 sqft 0.75 AC lot
    View details
    4900 Hampton Blvd
    CONVENIENCE STORE (W/FUEL PUMP)

    4900 Hampton Blvd, Norfolk, VA 23508-1826

    $2,680,000
    Estimated value
    6,381 sqft 1.05 AC lot
    View details
    5369 Princess Anne Rd
    CONVENIENCE STORE

    5369 Princess Anne Rd, Norfolk, VA 23502-1827

    $935,000
    Estimated value
    1,697 sqft 0.43 AC lot
    View details
    226 Olney Rd
    CONVENIENCE STORE

    226 Olney Rd, Norfolk, VA 23510-1511

    $2,260,000
    Estimated value
    5,140 sqft 0.43 AC lot
    View details
    8011 Hampton Blvd
    CONVENIENCE STORE

    8011 Hampton Blvd, Norfolk, VA 23505-1001

    Value Estimation by Request
    2,520 sqft 0.45 AC lot
    View details
    2335 Azalea Gdn Rd
    CONVENIENCE STORE (W/FUEL PUMP)

    2335 Azalea Gdn Rd, Norfolk, VA 23513-3909

    Value Estimation by Request
    4,241 sqft 0.46 AC lot
    View details
    1088 26th St
    CONVENIENCE STORE (W/FUEL PUMP)

    1088 26th St, Norfolk, VA 23517-1017

    $2,025,000
    Estimated value
    3,000 sqft 1.15 AC lot
    View details
    2750 Military Hwy
    CONVENIENCE STORE (W/FUEL PUMP)

    2750 Military Hwy, Norfolk, VA 23518-5607

    $930,000
    Estimated value
    2,145 sqft 0.94 AC lot
    View details
    7726 Granby St
    CONVENIENCE STORE (W/FUEL PUMP)

    7726 Granby St, Norfolk, VA 23505-2510

    $2,910,000
    Estimated value
    1,855 sqft 1.47 AC lot
    View details

    Norfolk, VA Grocery And Convenience Stores Market Trends and Statistics

    Explore 72 grocery and convenience stores for sale in Norfolk, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,008 square feet of properties for sale, with an estimated market value of $2,495,000.

    Sale prices for supermarkets in Norfolk, VA start at $795,000, averaging $1,247,500, 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

    Shopping centers 29
    Storefront properties 8
    Grocery and convenience stores 5
    Automotive properties 4
    Banks 4

    Demographics Overview

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

    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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