Restaurant Business With
For Sale
$175,000
1102 Atlantic Ave #105, Virginia Beach, VA 23451
Restaurant business sale includes paid-off equipment and the option to continue the current lease.
Property Size1,080 SF
Price / SF$162.04
Days on Market48
Property Features for 1102 Atlantic Ave #105
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Equipment Included
Yes
Listing Agency:
Creed Realty
Listed By:
Denis Pugachev · License #71937
(757) 502-4070
Source:
Atlanticsir
Added: Sep 5
Changed: Oct 5
Last Checked: Oct 20 at 6:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Creed Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is for the restaurant business rather than the real estate. The sale includes paid-off equipment and an operating setup that supports continued restaurant use at the existing location.
The business occupies 1,080 at 1102 Atlantic Ave #105 in Virginia Beach, with an opportunity to continue the lease. This offering may suit an operator seeking an established restaurant framework without purchasing the underlying property.
The business occupies 1,080 at 1102 Atlantic Ave #105 in Virginia Beach, with an opportunity to continue the lease. This offering may suit an operator seeking an established restaurant framework without purchasing the underlying property.
Key Highlights
- Business‑only sale; real estate is not included
- Paid‑off restaurant equipment included
- Option to continue the existing lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,230
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,600
$184.6K
Cap Rate 7%
$131,857
$131.9K
Cap Rate 9%
$102,556
$102.6K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$12.7K $11.76/SF
− Vacancy
−$394 −$0.36/SF
EGI
$12.3K $11.40/SF
− OpEx
−$3.1K −$2.85/SF
NOI
$9.2K $8.55/SF
Area
Virginia Beach, VA
Vacancy
3.10%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,600
Cap Rate 7%
$131,857
Cap Rate 9%
$102,556
Alternative Uses
Best Use
Specialty Retail
$131.9K
$115.4K – $153.8K
NOI $9,230 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.1K
$242.4K – $323.2K
NOI $19,394 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 69%
Shops & Services 22%
Dining 5%
Groceries 5%
DoubleTree by Hilton Virginia Beach Oceanfront South
Hotels & Casinos
11,027 visits/mo
0.3 miles
SpringHill Suites Virginia Beach Oceanfront
Hotels & Casinos
7,799 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,564 visits/mo
0.5 miles
Moxy Hotels
Hotels & Casinos
6,821 visits/mo
0.1 miles
Hampton Inn Oceanfront South Virginia Beach
Hotels & Casinos
5,193 visits/mo
0.0 miles
Demographics for 23451, VA
44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Fish Bones Restaurant and Seafood Buffet — 1211 Atlantic Ave #13, Virginia Beach, VA 23451
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant business sale includes paid-off equipment and the option to continue the current lease.
Where is this conventional restaurant located?
The property is located at 1102 Atlantic Ave #105 Virginia Beach, VA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Business‑only sale; real estate is not included; Paid‑off restaurant equipment included; Option to continue the existing lease
