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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

241 Granby St Norfolk, VA 23510

6,400 SF 0.03 ac lot
Property ID
Property summary
AI-generated overview

This exceptional two-story, 6,400 square foot restaurant and bar is located at 241 Granby Street in Norfolk, Virginia's historic district. The property, zoned D-3, sits on a 0.03-acre lot and is offered at $1,600,000 ($297 per square foot). The sale includes the business goodwill of the former Brick Anchor Brew House and the commercial condominium portion. The space features a main floor restaurant and bar area, plus a mezzanine level offering additional dining, lounge, and office space. This is one of the largest restaurant spaces in the area, previously boasting one of the largest tap selections. Opportunities for growth include expanding operational hours, leveraging private functions and events, and creating a unique second-floor theme. The seller is willing to assist with the transition, introducing past clients, catering partners, and vendors. This prime location presents a significant investment opportunity in a thriving downtown area. The property's address is 241 Granby St, Norfolk, VA 23510.

Property profile
Verified
Property type Retail properties & Spaces
Total area 6,400 SF
Lot 0.03 ac (1,307 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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