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Restaurant Facility with Private Dining
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1324 Armory Dr, Franklin, VA 23851

Restaurant space at a signalized corner offers on-site kitchen equipment and a separate banquet/private dining area.

Property Size5,000 SF
Price / SF$0.00
Days on Market139

Property Features for 1324 Armory Dr

General Information

Standard status Active
Size 5,000 SF
Listing Agency: CENTURY 21 Gold Market Realty
Listed By: Darren Stauffer · License #VA0225043776
Source: Exprealty
Added: Apr 27 Changed: Sep 8 Last Checked: Sep 11 at 5:47PM

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 CENTURY 21 Gold Market Realty

Investment Insights

Based on property information with market context.

This restaurant facility is configured for food service with on-site kitchen equipment and dining fixtures, which can be negotiated separately from lease terms. The available space totals approximately 5,000+ square feet, with an additional option to close off about 2,000 square feet for use as a banquet or private dining space.

The property fronts a signalized corner on a major city artery and a heavily used side thoroughfare, providing high-visibility exposure from both directions. Nearby businesses include Food Lion, Lowes, KFC/Taco Bell, Belk, and Burger King.

The layout supports both general dining and private event use through the ability to isolate the banquet/private dining portion as needed.

Key Highlights

  • Restaurant space at a signalized corner fronting a major City artery and a heavily used side thoroughfare
  • Approximately 5,000+ sq. ft. of space awaiting a restaurant use
  • Kitchen equipment and dining fixtures on site can be negotiated separately from the lease

Property Analytics

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Current Use

Butcher’s Steak & Seafood Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Storage Facility Bakery (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.

Location Intelligence

Trade Area within ½ mile

384
Businesses Nearby
270k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 30% Dining 25% Superstores 18% Home Improvements & Furnishings 14%
Walmart Superstores
47,269 visits/mo 0.5 miles
Wawa Shops & Services
26,631 visits/mo 0.4 miles
Food Lion Grocery Store Groceries
21,028 visits/mo 0.1 miles
Lowe's Home Improvements & Furnishings
20,005 visits/mo 0.2 miles
Dollar Tree Shops & Services
13,354 visits/mo 0.3 miles

Demographics for 23851, VA

13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space at a signalized corner offers on-site kitchen equipment and a separate banquet/private dining area.
Where is this conventional restaurant located?
The property is located at 1324 Armory Dr Franklin, VA.
What are key features of this property?
This property features: Restaurant space at a signalized corner fronting a major City artery and a heavily used side thoroughfare; Approximately 5,000+ sq. ft. of space awaiting a restaurant use; Kitchen equipment and dining fixtures on site can be negotiated separately from the lease
More about this property
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