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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Restaurant Business Norfolk, VA 23508

6,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 6,000 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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