1109 Campostella Rd Norfolk, VA 23523-2103
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Norfolk, VANorfolk. Always verify with local authorities before improvements.
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.