Renovated Restaurant
For Lease
$1,999/Mo
5018 E Princess Anne Rd Unit 5018, Norfolk, VA 23502
Includes a bar, lounge, dance floor, two bathrooms, and kitchen equipment for restaurant operations.
Space Size2,976 SF
Days on Market42
Property Features for 5018 E Princess Anne Rd Unit 5018
General Information
Standard status
Active
Size
2,976 SF
Net Rentable
2,976 SF
Total Parking Spaces
25
Space & Availability
Available Space
2,976 SF
Contiguous Space
2,976 SF
Space Use
Restaurant
Available From
Immediate
Furnished
Yes
Additional Details
Equipment Included
Yes
Amenities
dance floor
lounge area
bar
Building Details
Year Built
1932
Listing Agency:
Gabriel Rapisardi Real Estate
(757) 577-2902
Listed By:
Gabriel Rapisardi
Source:
Veritygroup
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 5:47AM
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 Gabriel Rapisardi Real Estate
Investment Insights
Based on property information with market context.
Renovated restaurant space with an existing bar, lounge area, dance floor, two bathrooms, tables, chairs, and kitchen equipment. The layout also includes a large kitchen suitable for food-service operations.
The property is located at 5018 E Princess Anne Rd Unit 5018 in Norfolk, along the Princess Anne corridor. Approximately 25 parking spaces are available, and the space is offered for immediate occupancy.
The property is located at 5018 E Princess Anne Rd Unit 5018 in Norfolk, along the Princess Anne corridor. Approximately 25 parking spaces are available, and the space is offered for immediate occupancy.
Key Highlights
- Renovated restaurant space ready for occupancy
- Tables, chairs, and kitchen equipment included
- Existing bar, lounge area, and dance floor
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Groceries 25%
Dining 16%
Home Improvements & Furnishings 4%
Piggly Wiggly
Groceries
12,095 visits/mo
0.4 miles
Dollar Tree
Shops & Services
11,028 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,110 visits/mo
0.5 miles
Rally's
Dining
5,522 visits/mo
0.4 miles
Marathon
Shops & Services
3,909 visits/mo
0.5 miles
Demographics for 23502, VA
20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Retail in Norfolk, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a bar, lounge, dance floor, two bathrooms, and kitchen equipment for restaurant operations.
Where is this conventional restaurant located?
The property is located at 5018 E Princess Anne Rd Unit 5018 Norfolk, VA.
What is the lease rate?
The lease rate is $1,999/Mo.
What are key features of this property?
This property features: Renovated restaurant space ready for occupancy; Tables, chairs, and kitchen equipment included; Existing bar, lounge area, and dance floor
