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Turnkey Restaurant Business
For Sale
Contact for pricing
Pending

155 W Ocean View Avenue, Norfolk, VA 23503

Restaurant business offered for sale with included equipment and renovations that are approximately 30+ years old.

Property SizeContact for details
Days on Market141

Property Features for 155 W Ocean View Avenue

General Information

Standard status Pending
Property subtype Special Purpose, Business for Sale

Additional Details

Business Included Yes
Listing Agency: Century 21 Top Producers
Listed By: Lillian Sung · License #VA
Source: Crexi
Added: Apr 11 Changed: Aug 22 Last Checked: Aug 29 at 12:30PM

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 Top Producers

Investment Insights

Based on property information with market context.

This restaurant business is offered for sale with all equipment and renovations included. The provided equipment and improvements are approximately 30+ years old. The operation is presented as ready for a new restaurant operator to take over.

The property is located at 155 W Ocean View Avenue in Norfolk, VA 23503. Public remarks indicate the business is steady.

No additional building specifics, lease terms, or equipment inventories were provided in the available information, so interested parties should confirm details during diligence.

Key Highlights

  • Restaurant business for sale in Norfolk, VA
  • Included in the sale: all equipment and renovations
  • Equipment and renovations are approximately 30+ years old

Property Analytics

Current Use

Royal Garden Chinese ... Restaurant Ellison Inc Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Auto Repair Shop Big Box & Wholesale 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.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby
107k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 50% Groceries 29% Shops & Services 19% Electronics 1%
Harris Teeter Groceries
26,709 visits/mo 0.1 miles
Burger King Dining
13,321 visits/mo 0.1 miles
McDonald's Dining
12,490 visits/mo 0.1 miles
Dollar Tree Shops & Services
12,073 visits/mo 0.2 miles
KFC Dining
9,293 visits/mo 0.1 miles

Demographics for 23503, VA

31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value

Market

Vacancy Rate% for Retail in Norfolk, VA

7.9% 2019
9.3% 2020
8.7% 2021
7.9% 2022
6.9% 2023
6.6% 2024
6.6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant business offered for sale with included equipment and renovations that are approximately 30+ years old.
Where is this conventional restaurant located?
The property is located at 155 W Ocean View Avenue Norfolk, VA.
What are key features of this property?
This property features: Restaurant business for sale in Norfolk, VA; Included in the sale: all equipment and renovations; Equipment and renovations are approximately 30+ years old
More about this property
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