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    731 Granby St Norfolk, VA 23510

    For Sale
    $1,395,000

    Purchase,Commercial/Industrial - Norfolk, VA

    Property size:
    4,132 SF
    Lot size:
    0.07 Acres
    Days on Market:
    194
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 731 Granby St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    D-4
    Interior features
    Security Sys/Own
    Size
    4,132 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Flooring type
    Concrete
    Building materials
    Brick
    Architectural style
    Other

    Berkshire Hathaway HomeServices RW Towne Realty (757) 690-0439 [email protected]

    Listing agent Allen Bynum (757) 690-0439

    Listing date Jun 4, 2025

    MLS# 10537079 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

    Turnkey Commercial Building in Norfolk

    This commercial building, renovated in 2017, offers a turnkey business opportunity with established tenants. The renovations included a new bar, walls, mezzanine, light fixtures, bathrooms, kitchen, electrical, plumbing, HVAC, roof, tables, chairs, bar stools, and floor lighting. The property is zoned D-4 and has a size of 4132 square feet on a lot of 0.07 acres. The Greyhound Bus station is being developed into over 200 units. The property is located in Norfolk, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Soirée Bistro Restaurant Jhane's Sweet Lounge Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Toast, A W Shucks Raw Bar & Grill, Cogans Pizza Ghent, Jessy's Taco Bistro, Pinot's Palette

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.288791
    Latitude
    36.855304

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    FAQs

    What type of property is this?
    Bar - Renovated commercial building with established tenants, a turnkey business opportunity.
    Where is this bar located?
    The property is located at 731 Granby St Norfolk, VA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Turnkey commercial building with established tenants.; - Meticulously renovated in 2017 with extensive upgrades (bar, walls, mezzanine, lighting, bathrooms, kitchen, electrical, plumbing, HVAC, roof, furniture, and floor lighting).; - Prime location in the heart of Norfolk.
    (757) 690-0439
    Request Owner's contact information
    731 Granby St Norfolk, VA 23510
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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
    731 Granby St Norfolk, VA 23510
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