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Property profile & analytics
OFF-MARKET
Turn key restaurants

1109 Campostella Rd Norfolk, VA 23523-2103

897 SF 0.11 ac lot Built 1958
Individually Owned Free & Clear
Property ID
US87-3360297
Property summary
AI-generated overview

This exceptional commercial property, situated at the high-traffic intersection of Campostella Road and Indian River Road in Norfolk, Virginia, presents a lucrative investment opportunity. The 0.11-acre lot houses a fully equipped quick-service restaurant building, currently occupied by a month-to-month tenant. The sale includes the building, land, and all existing restaurant equipment. The kitchen is comprehensively outfitted with a commercial-grade hood system, multiple ranges, a large commercial refrigerator, a grease trap, a fully functional fire suppression system, ample counter space, and a convenient drive-through window. This turnkey operation is ideal for an established restaurant operator looking to expand or a new entrepreneur seeking a ready-made business. The high visibility location and existing infrastructure significantly reduce start-up costs and time, allowing for immediate revenue generation. The current tenant provides a steady income stream while offering the potential for future growth and development. The property's strategic location ensures high foot traffic and visibility, making it an attractive proposition for a variety of food service businesses. This is a rare opportunity to acquire a fully operational restaurant with significant potential for increased profitability. The sale price is $300,000. Serious inquiries only.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 897 SF
Lot 0.11 ac (4,726 SF)
Zoning code C-2
APN 16162000
UPID US87-3360297
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Anna Casey Peoples
Anna Casey Peoples
since 2025
4 recorded transactions
2025
$300,000
2021
Price N/A
2018
Price N/A
2015
Price N/A
Zoning & alternative use
C-2 · Norfolk, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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