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Fully Equipped Conventional Restaurant
New
For Sale
$90,000

331 E Bayview Blvd #331, Norfolk, VA 23503

Business-only offering with a commercial kitchen, bar, dining room, and private-event space.

Property Size2,500 SF
Price / SF$36
Days on Market5

Property Features for 331 E Bayview Blvd #331

General Information

Standard status Active
Size 2,500 SF
Property subtype Commercial

Property Condition

Severity Minor
Evidence With some updating

Restaurant

Commercial Hood Yes
Equipment Included Yes

Additional Details

Furnished Yes
Business Included Yes

Amenities

full-service bar
banquet/private-event room

Building Details

Year Built 1960
Listing Agency: Abrams Realty
Listed By: Teresa Hagerman · License #22638
Source: Atlanticsir
Added: Aug 12 Changed: Aug 14 Last Checked: Aug 15 at 3:59AM

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 Abrams Realty

Investment Insights

Based on property information with market context.

Business-only restaurant offering at 331 E Bayview Blvd in Norfolk. The property includes a commercial kitchen with an extensive hood system, full-service bar, main dining area, and a separate room for banquets and private events. Existing furnishings and equipment include booths, tables, chairs, commercial cooking equipment, refrigeration, a walk-in cooler, ice machine, stainless-steel preparation areas, and storage.

The layout supports restaurant operations with dedicated areas for food preparation, service, dining, storage, and events. The building dates to 1960 and has a reported property size of 2,500. The offering provides an existing physical setup for a new restaurant concept or event-oriented food service operation.

Key Highlights

  • Business‑only restaurant offering at 331 E Bayview Blvd, Norfolk, VA 23503
  • Commercial kitchen with extensive hood system and stainless‑steel prep areas
  • Full‑service bar and large main dining area

Property Analytics

Current Use

Mom & Pops Family ... Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Spa & Massage Center Auto Repair Shop

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
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

240
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
7-Eleven Shops & Services
13,656 visits/mo 0.1 miles
7-Eleven Shops & Services
7,817 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Business-only offering with a commercial kitchen, bar, dining room, and private-event space.
Where is this conventional restaurant located?
The property is located at 331 E Bayview Blvd #331 Norfolk, VA.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Business‑only restaurant offering at 331 E Bayview Blvd, Norfolk, VA 23503; Commercial kitchen with extensive hood system and stainless‑steel prep areas; Full‑service bar and large main dining area
More about this property
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