Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    500 Main St Norfolk, VA 23510

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Restaurant Space, Downtown Norfolk

    Lot size:
    285,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,200 square foot restaurant space is available for lease in the heart of Norfolk's Central Business District at 500 E. Main Street. Located near I-264, the Midtown Tunnel, Tide Light Rail, and Elizabeth River Ferry, this single-tenant property offers unparalleled accessibility and visibility. The building boasts convenient access to major transportation routes, prestigious residential areas, and numerous hotels, restaurants, and retail outlets. Its proximity to the City of Norfolk Municipal Courts, the Federal Courthouse, and the Virginia Port Authority ensures a consistent flow of potential customers. The property includes 437 parking spaces in an adjacent facility, addressing a key concern for both employees and patrons. This 0.52-acre site is zoned D2 and features incredible downtown and waterfront views. The total building size is 285,792 square feet, with 99,266 square feet currently vacant. This is a second-generation restaurant space, presenting a unique opportunity to establish or relocate a thriving culinary business in a dynamic and high-traffic area. The property's APN is 44737600. This location offers a blend of convenience, visibility, and proximity to a diverse and substantial customer base, making it an ideal location for a successful restaurant venture. The cross streets are E Main Street & Commercial Place. This is a rare opportunity to secure a prime location in a bustling Norfolk submarket.

    Property Features for 500 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    285,792 SF
    Total Rate
    381056

    Unit(s) available at that property

    Space
    Size
    4,200 SF
    Rate per SF
    $18

    HighLights

    • 4,200 SF restaurant space available for lease in Downtown Norfolk's Central Business District.
    • Prime location with convenient access to I‑264, Midtown Tunnel, Tide Light Rail, and Elizabeth River Ferry.
    • Adjacent parking facility with 437 spaces.
    • Located near residential communities, hotels, and retail outlets, plus the Norfolk Municipal Courts and Federal Courthouse.
    • Zoned D2; APN 44737600.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goldblatt, Cohen & Legum, ... Divorce Lawyer Tinkham Law Group ... Legal Services Sharon S. Goodwyn Attorney Virginia Injury Law Personal Injury Attorney Gregory N. Stillman Patent Attorney

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk City
    State
    Virginia
    Longitude
    -76.2879974
    Latitude
    36.8461217

    Nearby Similar for Lease

    • $28 SF/Yr
      6,400 SF

      Downtown Norfolk Restaurant/Bar Space

      6,400 SF restaurant/bar with commercial kitchen for lease.
      241 Granby St, Norfolk, VA 23510
      View Details
    • $6,000 /Mo
      3,000 SF

      Office Space with Included Utilities

      First floor office suites with amenities and included utilities.
      6024 Virginia Beach Blvd, Norfolk, VA 23502
      View Details
    • New
      $18 SF/Yr
      1,865 SF

      Norfolk Office Space For Lease

      Second-floor office suite with utilities included and ample parking.
      1208 Little Creek Rd, Norfolk, VA 23518
      View Details
    • $1.78 SF/Yr
      3,200 SF

      Office Space with Ample Parking

      Office spaces for lease, conveniently located near amenities.
      1512 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • Contact for pricing
      1,500 SF

      Norfolk Retail Space for Lease

      Grocery-anchored shopping center space available in Norfolk, Virginia.
      2300-2376 E Little Creek Rd, Norfolk, VA 23518
      View Details
    • $22 SF/Yr
      6,757 SF

      Class A Office Space Norfolk

      Class A office building in Norfolk's financial district.
      300 E Main St, Norfolk, VA 23510
      View Details
    • Contact for pricing
      1,455 SF

      Retail Space in Norfolk, VA

      Retail space available in up-and-coming Norfolk location.
      2501 Hampton Blvd, Norfolk, VA 23517
      View Details
    • Contact for pricing
      4,397 SF

      Retail Space in Growing Area

      Up-and-coming retail site near naval base and university.
      1215 W 25Th St, Norfolk, VA 23508
      View Details
    • Contact for pricing
      1,209 SF

      Modern Office Space with Amenities

      Renovated office suites with gym, deli, and conference rooms.
      6353 Center Dr, Norfolk, VA 23502
      View Details
    • Contact for pricing
      1,273 SF

      Modern Office Space Ready Now

      Move-in ready office suites with modern amenities and convenient location.
      6387 Center Dr, Norfolk, VA 23502
      View Details
    • Contact for pricing
      2,229 SF

      Retail Space in Norfolk, VA

      Retail space available for rent in Norfolk, Virginia.
      2401 Hampton Blvd, Norfolk, VA 23517
      View Details
    • Contact for pricing

      Retail Space in Southern Center

      Retail space available in well-leased shopping center near naval station.
      7525 Tidewater Dr, Norfolk, VA 23505
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Space, Downtown Norfolk
    Where is this restaurant located?
    The property is located at 500 Main St Norfolk, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 4,200 SF restaurant space available for lease in Downtown Norfolk's Central Business District.; Prime location with convenient access to I-264, Midtown Tunnel, Tide Light Rail, and Elizabeth River Ferry.; Adjacent parking facility with 437 spaces.
    Request Owner's contact information
    500 Main St Norfolk, VA 23510
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Main St
    Norfolk, VA 23510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Main St Norfolk, VA 23510
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.