Restaurant Space on Signalized
For Lease
$14 SF/Yr
1324 Armory Drive, Franklin, VA 23851
COMMERCIAL - Franklin, VA
Space SizeContact for details
Lot Size1.14 Acres
Days on Market108
Property Features for 1324 Armory Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B3
Subdivision
ALL OTHERS AREA 67
Standard status
Active
Size
5,000 SF
Lot size
1.14 Acres
Utilities
Heating system
Heat Pump (Heating), Zoned, Electric (Heating)
Cooling system
Heat Pump, Central Air, Zoned
Building Details
Year built
1987
Roof type
Shingle
Listing Agency:
CENTURY 21 Gold Market Realty · Century 21 Real Estate
(757) 562-2295
Listed By:
Darren Stauffer · License #VA0225043776
(757) 562-2295
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 12 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This restaurant space offers approximately 5,000+ sq. ft. of room ready for a new tenant. On-site kitchen equipment and dining fixtures are available and can be negotiated separately from the lease. The layout also allows for an approximately 2,000 sq. ft. portion of the building to be closed and used as a banquet/private dining space if needed.
The property is located on a signalized corner fronting a major City artery and a heavily used side thoroughfare, providing high visibility to passing traffic. Nearby retail and quick-service options include Food Lion, Lowes, KFC/Taco Bell, Belk, and Burger King.
Built in 1987, the building is served by electric heating with heat pump and zoned systems, along with central air and zoned cooling. The roof is shingle.
The property is located on a signalized corner fronting a major City artery and a heavily used side thoroughfare, providing high visibility to passing traffic. Nearby retail and quick-service options include Food Lion, Lowes, KFC/Taco Bell, Belk, and Burger King.
Built in 1987, the building is served by electric heating with heat pump and zoned systems, along with central air and zoned cooling. The roof is shingle.
Key Highlights
- Zoned B3 restaurant space
- Approximately 5,000+ sq. ft. available
- On‑site kitchen equipment and dining fixtures can be negotiated
Property Analytics
Property Profile
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
440
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 16%
Groceries 12%
Dining 12%
Ace Hardware - Farmers Produce Co
Home Improvements & Furnishings
6,761 visits/mo
0.3 miles
Dollar General
Shops & Services
5,890 visits/mo
0.4 miles
Virginia ABC
Groceries
5,407 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,404 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,391 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Zoned B3 restaurant space with on-site kitchen equipment and dining fixtures for your concept.
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: Zoned B3 restaurant space; Approximately 5,000+ sq. ft. available; On‑site kitchen equipment and dining fixtures can be negotiated
