Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Restaurant Business
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.3116
- Latitude
- 36.8908
