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    2520 George Washington Memorial Hwy Gloucester Point, VA 23072

    For Sale
    $1,475,000

    Freestanding restaurant with equipment on 1.43 acres for sale.

    Property size:
    4,920 SF
    Lot size:
    1.43 Acres

    Property Features for 2520 George Washington Memorial Hwy

    General Information

    Size
    4,920 SF
    Lot size
    1.43 Acres

    Source: Brian Cunningham Agent Brian Cunningham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant on George Washington Memorial

    This freestanding restaurant is located in Gloucester County, Virginia, along U.S. Route 17, approximately 1.5 miles north of Gloucester Point. Situated at 2520 George Washington Memorial Highway in Gloucester Point, VA, the 4,920 square foot property was built in 1964 and is zoned B1. The 1.43-acre site includes nearly 70 parking spaces. The building is currently occupied by Sal’s Sicilian Pizza and Restaurant, a local dining spot offering Sicilian pizza and Italian dishes. The property presents an opportunity for a retail or restaurant user. The hood and all equipment are currently in place, making it available for an owner occupant.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester Point
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.4951142
    Latitude
    37.2680599

    Nearby Similar for Sale

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      Established Gas Station Investment Property

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    • Contact for pricing
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      Gloucester Point Daycare Center

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    FAQs

    What type of property is this?
    Restaurant - Freestanding restaurant with equipment on 1.43 acres for sale.
    Where is this restaurant located?
    The property is located at 2520 George Washington Memorial Hwy Gloucester Point, VA.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Free-standing 4,920 SF restaurant building with high visibility on U.S. Route 17.; - 1.43-acre lot with approximately 70 parking spaces.; - Currently operating as a well-known Italian Restaurant/Pizzeria (Sal's Sicilian Pizza).
    (540) 786-1402
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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
    2520 George Washington Memorial Hwy Gloucester Point, VA 23072
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