Restaurant Business with
For Sale
$175,000
1102 Atlantic Avenue, Virginia Beach, VA 23451
Commercial/Industrial, Virginia Beach, VA
Property Size1,080 SF
Price / SF$162.04
Days on Market50
Property Features for 1102 Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Assigned, Off Street
Subdivision
ALL OTHERS AREA 43
Standard status
Active
Size
1,080 SF
Utilities
Cooling system
Central Air
Building Details
Roof type
Tar/Gravel
Listing Agency:
Creed Realty
Listed By:
Denis Pugachev
(757) 502-4070
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 22 at 10:06AM
MLS# 10652283
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.
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Investment Insights
Based on property information with market context.
This business-only restaurant offering includes the operating business and paid-off equipment within an approximately 1,080-square-foot space. The existing lease may be continued, allowing the next operator to retain the current premises rather than acquire the real estate. The space is served by central air conditioning.
The restaurant is located at 1102 Atlantic Avenue in Virginia Beach, Virginia. Parking is available through off-street and assigned spaces. The offering does not include the physical property.
The restaurant is located at 1102 Atlantic Avenue in Virginia Beach, Virginia. Parking is available through off-street and assigned spaces. The offering does not include the physical property.
Key Highlights
- Business‑only sale with no real estate included
- Approximately 1,080 square feet of restaurant space
- Existing lease may be continued
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
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Business-only restaurant opportunity with paid-off equipment and the option to continue the existing lease.
Where is this conventional restaurant located?
The property is located at 1102 Atlantic Avenue 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 with no real estate included; Approximately 1,080 square feet of restaurant space; Existing lease may be continued
