Restaurant Space at Signalized
1324 Armory Drive, Franklin, VA 23851
For Lease
$14 SF/Yr
Commercial/Industrial, Franklin, VA
Space SizeContact for details
Lot Size1.14 Acres
Days on Market202
Property Features for 1324 Armory Drive
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Additional Details
Corner Location
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Listing Agency:
CENTURY 21 Gold Market Realty · Century 21 Real Estate
Listed By:
Darren Stauffer · License VA #0225043776
(757) 562-2295
Added: Apr 27
Changed: Oct 25
Last Checked: Nov 14 at 12:06AM
MLS# 10631801
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.
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 restaurant property offers approximately 5,000 square feet within a 1.14-acre site and is available for lease. The building includes kitchen and dining improvements, with equipment and dining fixtures available for separate negotiation. Approximately 2,000 square feet can be closed off for banquet or private dining use. Electric heating, heat pump systems, zoned climate control, central air, and a shingle roof serve the 1987 building.
The property occupies a signalized corner at 1324 Armory Drive in Franklin, Virginia, with frontage along a major city artery and a heavily used side thoroughfare. Nearby businesses include Food Lion, Lowe’s, KFC/Taco Bell, Belk, and Burger King. The property is zoned B3.
The property occupies a signalized corner at 1324 Armory Drive in Franklin, Virginia, with frontage along a major city artery and a heavily used side thoroughfare. Nearby businesses include Food Lion, Lowe’s, KFC/Taco Bell, Belk, and Burger King. The property is zoned B3.
Key Highlights
- Approximately 5,000+ sq. ft. restaurant space on 1.14 acres
- Signalized corner location at 1324 Armory Drive, Franklin, VA 23851
- Approximately 2,000 sq. ft. can be configured as banquet/private dining space
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
270k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing kitchen and dining improvements include optional banquet or private dining capacity.
Where is this conventional restaurant located?
The property is located at 1324 Armory Drive Franklin, VA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Approximately 5,000+ sq. ft. restaurant space on 1.14 acres; Signalized corner location at 1324 Armory Drive, Franklin, VA 23851; Approximately 2,000 sq. ft. can be configured as banquet/private dining space
