0 Restaurant Business Norfolk, VA 23508
This exceptional restaurant opportunity in Norfolk, Virginia, presents a unique chance to acquire a thriving, established business. Boasting a prime waterfront location, this 6,000 square foot property features the largest waterfront dining area in Norfolk, comfortably seating 75 patrons. In addition to the main dining area, the property includes a separate bar room, a private dining room perfect for special events, and an inviting outdoor deck, expanding the seating capacity to approximately 150 guests. The restaurant has enjoyed a successful eight-year history in this desirable location, which benefits from ample parking for customers. All furniture, fixtures, and equipment (FF&E) are included in the sale price, making this a turnkey operation. Financial performance demonstrates a strong net operating income (NOI). A potential lease agreement is available, offering a five-year term with a five-year option, providing flexibility for the new owner. This is a rare opportunity to own a well-established, high-performing restaurant with significant waterfront presence in a vibrant Norfolk location. The property is located in the 23508 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.