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Property profile & analytics
OFF-MARKET Estimated value $8,000,000
Turn key restaurants

530 Winston Salem Ave Virginia Beach, VA 23451-4751

3,042 SF 4.62 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US87-0838181
Property summary
AI-generated overview

Fisherman’s Wharf Marina, located at 530 Winston Salem Ave, Virginia Beach, VA 23451, presents a unique investment opportunity in the heart of the Shadowlawn neighborhood. This Class A retail property boasts a total of 10,088 square feet, currently entirely vacant and available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 1,895 square feet to a maximum contiguous space of 3,133 square feet. The property is ideally suited for food and beverage establishments or nightlife ventures, capitalizing on its prime waterfront location and proximity to Rudee Inlet, a historically successful restaurant area. The marina's location attracts both local residents and tourists from across the Eastern Seaboard. Ample parking is provided with 130 spaces available for patrons. This exceptional property offers unparalleled visibility and access to the water, creating an ideal setting for a thriving business. Situated in Princess Anne County, this opportunity promises high returns in a vibrant and sought-after location. The property's existing infrastructure and high-traffic location make it an attractive proposition for businesses seeking a strong foothold in the Virginia Beach market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction FRAME
Total area 3,042 SF
Lot 4.62 ac (201,214 SF)
Zoning code B4
APN 24271139570000
UPID US87-0838181
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
Current use
Occupant on record · Public records
  • The Water Table Hotel & Motel Resort
  • Risen Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.00M
Owner & transaction history
Acme Fishermans Wharf Va LLC · 3 yrs held
Acme Fishermans Wharf Va LLC
since 2022
Last sale
$8.4M
2 recorded transactions
2022
$8.4M
2006
$5.8M
Zoning & alternative use
B4 · Virginia Beach, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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