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    Norfolk, VA
    Restaurants

    Norfolk, VA Restaurants for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA Smithfield, VA
    7 properties
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    Retail Property with Drive Thru
    Updated: Jun 5, 2025
    Retail Property with Drive Thru

    5357 E Princess Anne Rd, Norfolk, VA

    $795,000
    4,197 sqft 0.51 AC lot
    High traffic location: 20,000 cars per day and a population of over 105,000 within 3 miles.
    Drive‑thru capability.
    Value‑add repositioning or redevelopment opportunity.
    Existing lease income: 7‑Eleven has 2.5 years remaining on the lease.
    Month‑to‑month tenant (Kulture Kutz Barber Shop) interested in a long‑term lease extension.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    5357 E Princess Anne Rd, Norfolk, VA

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    • Est. Cap Rate

      6.6%
      Above avg (5.9%)

    • Est. NOI

      $52K
      Annual

    • Mortgage

      $780K
      Oct 2019

    • Last Sold

      Oct 2019
      $1.23M

    • Property Type

      Convenience Store
      Built 1968
    View Property Analytics
    Turnkey Restaurant & Bar Building
    Updated: Jun 4
    Turnkey Restaurant & Bar Building

    731 Granby Street, Norfolk, VA 23510

    $1,375,000
    4,132 sqft 0.07 AC lot
    Commercial building built in 1916 with central air and heat pump (heating).
    Renovated in 2017, including a new bar, walls, mezzanine, and light fixtures.
    2017 upgrades include renovated bathrooms and kitchen, plus new electrical and plumbing.
    HVAC, roof, tables, chairs, bar stools, and floor lighting were part of the 2017 renovation scope.
    Established tenants are currently in occupancy.
    View details
    Historic Norfolk Restaurant Investment Opportunity
    Historic Norfolk Restaurant Investment Opportunity

    241 Granby Street, Norfolk, VA 23510

    $1,400,000
    6,400 sqft 0.03 AC lot

    Turnkey restaurant and bar in downtown Norfolk's historic district.

    View details
    Restaurant Opportunity Near ODU Campus
    Restaurant Opportunity Near ODU Campus

    2700 Hampton Blvd, Norfolk, VA 23517

    $1,975,000
    2,872 sqft

    Fully equipped restaurant with franchise opportunity near ODU campus.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Turnkey Commercial Kitchen Near Ghent
    Turnkey Commercial Kitchen Near Ghent

    813 W 39th St, Norfolk, VA 23508

    $299,000
    943 sqft

    Former cafe with commercial kitchen near Ghent neighborhood.

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    Norfolk Brewery/Hospitality Opportunity
    Norfolk Brewery/Hospitality Opportunity

    723 E 23rd St, Norfolk, VA

    Contact for pricing
    17,910 sqft 0.84 AC lot

    Expansive 17,910 SF property ideal for breweries or hospitality ventures.

    View details
    Waterfront Restaurant Space For Sale
    Waterfront Restaurant Space For Sale

    8180 Shore Dr, Norfolk, VA

    Contact for pricing
    12,579 sqft 1.00 AC lot

    New restaurant space with banquet hall and boat access.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Brick Restaurant Building and Business
    Brick Restaurant Building and Business

    3332 Victory Boulevard, Portsmouth, VA 23701

    $565,900
    1,222 sqft 0.32 AC lot

    Well-maintained all-brick restaurant building with included kitchen fixtures on a corner lot for sale.

    View details
    Retail
    Retail

    5720 Northampton Blvd, Virginia Beach, VA 23455

    $1,450,000
    2,944 sqft

    Restaurants · 2,944 SF

    View details
    Former Restaurant with Hood System
    Former Restaurant with Hood System

    1505 Airline Blvd, Portsmouth, VA

    $600,000
    3,317 sqft 0.20 AC lot

    Iconic restaurant property available for sale near Old Towne.

    View details
    McDonald's in Virginia Beach, VA
    McDonald's in Virginia Beach, VA

    5236 Fairfield Blvd, Virginia Beach, VA

    Contact for pricing
    3,397 sqft 11.02 AC lot

    Leased to McDonald’s since 2001 with renewal options.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Chesapeake, VA
    Commercial Land in Chesapeake, VA

    1601 Cahoon Parkway |, Chesapeake, VA 23322

    $495,000
    1.26 AC lot

    1.262 acres of commercial land for sale.

    View details
    Corner Development Land Zoned C3
    Corner Development Land Zoned C3

    50 Settlers Landing Road lot: 13, Hampton, VA 23669

    $200,000
    0.41 AC lot

    Vacant corner lot in Hampton, VA zoned C3, offered for sale with build-to-suit options.

    View details
    Suffolk Commercial Land Opportunity
    Suffolk Commercial Land Opportunity

    208 E. Pinner St, Suffolk, VA 23434

    $189,900
    7,511 sqft 0.17 AC lot

    B-1 zoned flat lot with excellent commercial potential.

    View details
    Moyock, NC Vacant Land
    Moyock, NC Vacant Land

    335/349 Caratoke Highway lot: 1 & 2, Moyock, NC 27958

    $1,200,000
    3.24 AC lot

    Vacant, grassed 3.24 acre property in Moyock, North Carolina.

    View details

    Off-Market Properties in Norfolk, VA

    Consider similar Off-Market properties in Norfolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    111 College Pl
    BAR, TAVERN

    111 College Pl, Norfolk, VA 23510-1907

    Value Estimation by Request
    3,270 sqft 0.07 AC lot
    View details
    3908 Princess Anne Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    3908 Princess Anne Rd, Norfolk, VA 23502-1542

    Value Estimation by Request
    3,625 sqft 0.94 AC lot
    View details
    2325 Little Crk Rd
    RESTAURANT

    2325 Little Crk Rd, Norfolk, VA 23518-3205

    $550,000
    Estimated value
    3,444 sqft 0.53 AC lot
    View details
    1800 Granby St
    RESTAURANT

    1800 Granby St, Norfolk, VA 23517-2327

    $595,000
    Estimated value
    1,772 sqft 0.06 AC lot
    View details
    1716 Monticello Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    1716 Monticello Ave, Norfolk, VA 23517-2335

    $1,440,000
    Estimated value
    2,845 sqft 0.80 AC lot
    View details
    2437 Little Crk Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    2437 Little Crk Rd, Norfolk, VA 23518-3207

    $1,700,000
    Estimated value
    2,860 sqft 1.38 AC lot
    View details
    3925 Hampton Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    3925 Hampton Blvd, Norfolk, VA 23508-2433

    Value Estimation by Request
    900 sqft 0.14 AC lot
    View details
    8101 Shr Dr
    RESTAURANT

    8101 Shr Dr, Norfolk, VA 23518-2429

    $870,000
    Estimated value
    3,625 sqft 0.43 AC lot
    View details
    7943 Shr Dr
    RESTAURANT

    7943 Shr Dr, Norfolk, VA 23518-2452

    $520,000
    Estimated value
    2,009 sqft 0.18 AC lot
    View details
    3200 Tidewater Dr
    RESTAURANT

    3200 Tidewater Dr, Norfolk, VA 23509-1147

    $520,000
    Estimated value
    2,144 sqft 0.16 AC lot
    View details
    4640 Princess Anne Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    4640 Princess Anne Rd, Norfolk, VA 23502-1670

    $575,000
    Estimated value
    1,204 sqft 0.33 AC lot
    View details
    2700 Hampton Blvd
    RESTAURANT

    2700 Hampton Blvd, Norfolk, VA 23517-1010

    $1,080,000
    Estimated value
    2,872 sqft 0.12 AC lot
    View details
    4226 Granby St
    RESTAURANT

    4226 Granby St, Norfolk, VA 23504-1110

    Value Estimation by Request
    2,213 sqft 0.12 AC lot
    View details
    9300 Chesapeake St
    BAR, TAVERN

    9300 Chesapeake St, Norfolk, VA 23503-1917

    $580,000
    Estimated value
    5,785 sqft 0.07 AC lot
    View details
    8001 Hampton Blvd
    RESTAURANT

    8001 Hampton Blvd, Norfolk, VA 23505-1001

    $610,000
    Estimated value
    2,788 sqft 0.56 AC lot
    View details
    931 21st St
    BAR, TAVERN

    931 21st St, Norfolk, VA 23517-1564

    $970,000
    Estimated value
    3,307 sqft 0.30 AC lot
    View details
    4818 Hampton Blvd
    RESTAURANT

    4818 Hampton Blvd, Norfolk, VA 23508

    Value Estimation by Request
    4,277 sqft 0.32 AC lot
    View details

    Norfolk, VA Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Norfolk, VA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 18,544 square feet of properties for sale, with an estimated market value of $5,844,000.

    Sale prices for restaurant properties in Norfolk, VA start at $299,000, averaging $1,168,800, and reaching up to $1,975,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 2
    Coffee shops 1
    Commercial kitchens 1
    Drive through restaurants 1

    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    High-Yield Neighborhoods for Investment

    Identify Norfolk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23508 $312K
    23518 $895K
    23510 $1.4M
    23502 $1.9M
    23517 $2M

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Norfolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Norfolk city

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Norfolk fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Norfolk, VA

    • 23510
    • 23508
    • 23517

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