Restaurant Space at Signalized
For Lease
$14 SF/Yr
1324 Armory Drive, Franklin, VA 23851
Commercial/Industrial, Franklin, VA
Space SizeContact for details
Lot Size1.14 Acres
Days on Market135
Property Features for 1324 Armory Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B3
Subdivision
ALL OTHERS AREA 67
Standard status
Active
Size
5,000 SF
Lot size
1.14 Acres
Utilities
Heating system
Heat Pump (Heating), Zoned, Electric (Heating)
Cooling system
Zoned, Central Air, Heat Pump
Building Details
Year built
1987
Roof type
Shingle
Listing Agency:
CENTURY 21 Gold Market Realty · Century 21 Real Estate
Listed By:
Darren Stauffer · License #VA0225043776
(757) 562-2295
Added: Apr 27
Changed: Sep 3
Last Checked: Sep 8 at 10:06AM
MLS# 10631801
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property offers approximately 5,000 square feet within a 1.14-acre site and is available for lease. The building includes kitchen and dining improvements, with equipment and dining fixtures available for separate negotiation. Approximately 2,000 square feet can be closed off for banquet or private dining use. Electric heating, heat pump systems, zoned climate control, central air, and a shingle roof serve the 1987 building.
The property occupies a signalized corner at 1324 Armory Drive in Franklin, Virginia, with frontage along a major city artery and a heavily used side thoroughfare. Nearby businesses include Food Lion, Lowe’s, KFC/Taco Bell, Belk, and Burger King. The property is zoned B3.
The property occupies a signalized corner at 1324 Armory Drive in Franklin, Virginia, with frontage along a major city artery and a heavily used side thoroughfare. Nearby businesses include Food Lion, Lowe’s, KFC/Taco Bell, Belk, and Burger King. The property is zoned B3.
Key Highlights
- Approximately 5,000+ sq. ft. restaurant space on 1.14 acres
- Signalized corner location at 1324 Armory Drive, Franklin, VA 23851
- Approximately 2,000 sq. ft. can be configured as banquet/private dining space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
270k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 25%
Superstores 18%
Home Improvements & Furnishings 14%
Walmart
Superstores
47,269 visits/mo
0.5 miles
Wawa
Shops & Services
26,631 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
21,028 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
20,005 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,354 visits/mo
0.3 miles
Demographics for 23851, VA
13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing kitchen and dining improvements include optional banquet or private dining capacity.
Where is this conventional restaurant located?
The property is located at 1324 Armory Drive Franklin, VA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately 5,000+ sq. ft. restaurant space on 1.14 acres; Signalized corner location at 1324 Armory Drive, Franklin, VA 23851; Approximately 2,000 sq. ft. can be configured as banquet/private dining space
