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    241 Granby St Norfolk, VA 23510

    For Sale
    $1,250,000

    Purchase,Commercial/Industrial - Norfolk, VA

    Property size:
    6,400 SF
    Lot size:
    0.03 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 241 Granby St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    D-3
    Interior features
    Fire Sprinkler Sys, Inside Storage, Lighting
    Size
    6,400 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1905
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Architectural style
    Other

    Atlantic Sotheby's International Realty (757) 340-5555 [email protected]

    Listing agent Kris Weaver (757) 777-9870

    Listing date Nov 18, 2025

    MLS# 10596549 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Norfolk Restaurant Space Available

    This commercial property in downtown Norfolk's historic district offers a centrally located restaurant space for purchase. The offering includes the business goodwill of the former Brick Anchor Brew House and the commercial portion of the condominium. The property features a two-story restaurant and bar space, complete with an additional mezzanine floor that can be used for dining, a lounge, and office space. The restaurant space is one of the largest in the area and features the second-largest tap selection. The property is zoned D-3. Potential growth opportunities include expanding operational hours, leveraging private functions and events, and creating a unique theme on the second floor. The seller is open to assisting with the transition and introducing past private function clients, catering partners, and vendors. The property size is 6,400 square feet, situated on a 0.0288-acre lot.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Southern Seoul LLC, Norfolk Catering Company, BITES by JC, Cocojam, Canty Girls Catering llc

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2911549
    Latitude
    36.8491628

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    FAQs

    What type of property is this?
    Restaurant - Prime restaurant and bar space in Norfolk's historic district.
    Where is this restaurant located?
    The property is located at 241 Granby St Norfolk, VA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Centrally located in downtown Norfolk's historic district.; - Includes the sale of business goodwill from the former Brick Anchor Brew House.; - Two-story restaurant and bar space with an additional mezzanine floor.
    (757) 777-9870
    Request Owner's contact information
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    Norfolk, VA 23510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 Granby St Norfolk, VA 23510
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