Restaurant Business with
For Sale
$275,000
1102 Atlantic Avenue, Virginia Beach, VA 23451
Commercial/Industrial, Virginia Beach, VA
Property Size1,080 SF
Price / SF$254.63
Days on Market51
Property Features for 1102 Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
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: Aug 30
Changed: Oct 1
Last Checked: Oct 19 at 5:06PM
MLS# 10651523
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 offering is for a restaurant business rather than a real estate sale. The operation occupies 1,080 square feet at 1102 Atlantic Avenue in Virginia Beach, with paid-off equipment included in the sale. The existing lease may be continued, allowing the business to remain at its current location.
The restaurant has a reported 4.8-star Google rating. The sale is focused on the operating business, equipment, and continued occupancy arrangement, while the underlying property is not included.
The restaurant has a reported 4.8-star Google rating. The sale is focused on the operating business, equipment, and continued occupancy arrangement, while the underlying property is not included.
Key Highlights
- Business sale, not a physical property transaction
- 1,080‑square‑foot restaurant operation
- Paid‑off equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,230
Cap Rate
3.36%
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 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.1K
$242.4K – $323.2K
NOI $19,394 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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 - Lease continuation is available for the existing Virginia Beach restaurant operation.
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 $275,000.
What are key features of this property?
This property features: Business sale, not a physical property transaction; 1,080‑square‑foot restaurant operation; Paid‑off equipment included
