Listing Agency: KW Metro Center

Listed By: Jim Maxwell · License #VA 0225230337

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 2:45PM

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Investment Insights

Based on property information with market context.

This restaurant property at 101 S County Dr has been completely renovated and upgraded. It is currently being used for restaurant operations and occupies a prominent intersection in historic downtown Waverly.

The site sits along Rt 460, a travel corridor connecting toward Virginia Beach and the Outer Banks of North Carolina. Its setting is at a major signalized intersection in the heart of the county, providing a location suited to an established restaurant operation and other travel-oriented commercial uses identified for the property.

Key Highlights

• Completely renovated and upgraded restaurant property
• Currently operating as a restaurant
• Major signalized intersection in historic downtown Waverly

Property Analytics

Property Profile

Current Use

Pino's Pizza #2 Restaurant Pinos II Restaurant

Suggested Use

Top Pick HVAC Service Storage Facility Auto Parts Store Skin Care Clinic Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

149

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 23890, VA

3,988

Population

2,047

Households

1.9

Avg Household Size

49

Median Age

24%

College-Educated

88%

High-School Grad

196.6 sq mi

ZIP Area

20

Density / Sq Mi

$83,674

Median Household Income

$49,095

Median Earnings

$914

Median Rent

$194,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property positioned at a signalized intersection along a regional travel route.

Where is this conventional restaurant located?

The property is located at 101 S County Dr Waverly, VA.

What are key features of this property?

This property features: Completely renovated and upgraded restaurant property; Currently operating as a restaurant; Major signalized intersection in historic downtown Waverly