Portsmouth, VA Restaurants for Sale

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Chesapeake, VA Suffolk, VA Norfolk, VA Virginia Beach, VA Newport News, VA Carrollton, VA Hampton, VA Smithfield, VA

Updated: Jun 18

Equipped Full-Service Restaurant

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000

6,080 sqft 1.21 AC lot

6,080‑square‑foot restaurant facility with approximately 130 seats
Private dining room accommodates up to 30 guests
Commercial kitchen includes double pizza ovens, grills, fryers, and prep stations
Walk‑in cooler and walk‑in freezer included
Six POS stations support restaurant operations

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Updated: Aug 21

Fully Equipped Restaurant

2900 Airline Boulevard, Portsmouth, VA 23701

$246,000

6,080 sqft

6,080‑square‑foot restaurant building constructed in 1964
Seating for approximately 130 guests, including a private dining room for up to 30
Commercial kitchen includes double pizza ovens, grills, fryers, prep stations, walk‑in cooler, and walk‑in freezer
Six POS stations and furniture, fixtures, and equipment included
Established dine‑in and takeout operations with on‑site parking

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Portsmouth, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

Renovated Bar & Pub Building

731 Granby St, Norfolk, VA 23510

$1,375,000

4,132 sqft

Renovated commercial space includes a bar, kitchen, mezzanine, upgraded systems, and existing tenants.

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Two-Story Bar and Pub

241 Granby Street, Norfolk, VA 23510

$1,400,000

6,400 sqft 0.03 AC lot

Commercial condominium space features a mezzanine, restaurant buildout, and a long-term tenant in place.

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Manufacturing Property with Office Space

1410 Poindexter Street, Chesapeake, VA 23324

$330,000

1,992 sqft 0.10 AC lot

Food-production building with upper-level offices, conference space, equipment, and off-street parking.

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Commercial Kitchens with Equipment

1410 Poindexter St, Chesapeake, VA 23324

$330,000

1,992 sqft

Food-production building with included land, equipment, rear and side parking, and second-floor office space.

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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.

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.

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C3 Commercial Corner Lot

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

$200,000

0.41 AC lot

Vacant corner site with C3 zoning and public water and sewer service.

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Commercial Land with Highway Frontage

335/349 Caratoke Highway, Moyock, NC 27958

$1,200,000

3.24 AC lot

General Business-zoned land with highway frontage and access from a secondary drive.

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Corner Commercial Land

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

$1,200,000

3.24 AC lot

Corner parcel zoned General Business with cable availability.

View details

Off-Market Properties in Portsmouth, VA

Consider similar Off-Market properties in Portsmouth, 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.

NIGHTCLUB (COCKTAIL LOUNGE)

316 High St, Portsmouth, VA 23704-3707

Estimated value:

$1,810,000

31,192 sqft 0.37 AC lot

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BAR, TAVERN

3219 George Washington Hwy, Portsmouth, VA 23704-6953

Estimated value:

$155,000

2,111 sqft 0.77 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

5004 George Washington Hwy, Portsmouth, VA 23702-2602

Estimated value:

$2,090,000

3,258 sqft 0.30 AC lot

View details

NIGHTCLUB (COCKTAIL LOUNGE)

2323 King St, Portsmouth, VA 23704-2927

Estimated value:

$175,000

6,195 sqft 0.48 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

440 Chestnut St, Portsmouth, VA 23704-3322

Estimated value:

$690,000

2,648 sqft 0.80 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

1903 Frederick Blvd, Portsmouth, VA 23707

Estimated value:

$1,790,000

2,467 sqft 0.96 AC lot

View details

BAKERY

3114 Tyre Nck Rd, Portsmouth, VA 23703-4512

Estimated value:

$425,000

6,000 sqft 0.79 AC lot

View details

NIGHTCLUB (COCKTAIL LOUNGE)

4066 Victory Blvd, Portsmouth, VA 23701-2820

Estimated value:

$1,005,000

5,301 sqft 1.38 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

1805 Frederick Blvd, Portsmouth, VA 23707

Estimated value:

$1,955,000

2,321 sqft 0.92 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

1204 Airline Blvd, Portsmouth, VA 23707-4010

Estimated value:

$195,000

1,484 sqft 0.27 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

4114 George Washington Hwy, Portsmouth, VA 23702-2004

Estimated value:

$350,000

3,022 sqft 0.72 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

3526 Airline Blvd, Portsmouth, VA 23701-2616

Estimated value:

$360,000

2,967 sqft 0.77 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

600 Airline Blvd, Portsmouth, VA 23707-3303

Estimated value:

$430,000

2,542 sqft 0.54 AC lot

View details

NIGHTCLUB (COCKTAIL LOUNGE)

3200 Deep Crk Blvd, Portsmouth, VA 23704-6116

Estimated value:

$80,000

2,386 sqft 0.07 AC lot

View details

NIGHTCLUB (COCKTAIL LOUNGE)

107 Chowan Dr, Portsmouth, VA 23701-2451

Estimated value:

$290,000

8,256 sqft 0.57 AC lot

View details

BAR, TAVERN

4105 Portsmouth Blvd, Portsmouth, VA 23701-2915

Estimated value:

$610,000

3,255 sqft 0.41 AC lot

View details

NIGHTCLUB (COCKTAIL LOUNGE)

3802 Deep Crk Blvd, Portsmouth, VA 23702-1206

Estimated value:

$125,000

1,200 sqft 0.21 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

1501 Frederick Blvd, Portsmouth, VA 23707

Estimated value:

$390,000

2,490 sqft 0.56 AC lot

View details

BAR, TAVERN

3601 George Washington Hwy, Portsmouth, VA 23704-6842

Estimated value:

$480,000

2,465 sqft 0.45 AC lot

View details

NIGHTCLUB (COCKTAIL LOUNGE)

2613 Detroit St, Portsmouth, VA 23707-1718

Estimated value:

$235,000

1,013 sqft 0.13 AC lot

View details

DRIVE-THRU RESTAURANT, FAST FOOD

3332 Victory Blvd, Portsmouth, VA 23701-4320

Estimated value:

$500,000

1,222 sqft 0.32 AC lot

View details

BAR, TAVERN

3301 Ss St, Portsmouth, VA 23707-4117

Estimated value:

$310,000

1,728 sqft 0.30 AC lot

View details

Portsmouth, VA Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Portsmouth, VA on our real estate platform. These investment opportunities span a total of 12,160 square feet of properties for sale, with an estimated market value of $492,000.

Sale prices for restaurant properties in Portsmouth, VA average $246,000 — 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

Demographics Overview

Population 97K

Population Growth (5Y) -6.7%

Median Household Income $59,342

College Educated 29.1%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
23701	$246K
23704	$1.2M

Taxes & Financing

Tax Rate (average for all types) 1.27%

Property Tax per SF $16.32 per SF

Tax Rate vs County Average 0.09 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Portsmouth city

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

Retail

Property Size Breakdown

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

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Portsmouth, VA Restaurants for Sale

2900 Airline Boulevard, Portsmouth, VA 23701

2900 Airline Boulevard, Portsmouth, VA 23701

Opportunities in Nearby Cities

731 Granby St, Norfolk, VA 23510

241 Granby Street, Norfolk, VA 23510

1410 Poindexter Street, Chesapeake, VA 23324

1410 Poindexter St, Chesapeake, VA 23324

Potential Development Sites for Consideration

208 E Pinner St, Suffolk, VA 23434

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

335/349 Caratoke Highway, Moyock, NC 27958

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

Off-Market Properties in Portsmouth, VA

316 High St, Portsmouth, VA 23704-3707

3219 George Washington Hwy, Portsmouth, VA 23704-6953

5004 George Washington Hwy, Portsmouth, VA 23702-2602

2323 King St, Portsmouth, VA 23704-2927

440 Chestnut St, Portsmouth, VA 23704-3322

1903 Frederick Blvd, Portsmouth, VA 23707

3114 Tyre Nck Rd, Portsmouth, VA 23703-4512

4066 Victory Blvd, Portsmouth, VA 23701-2820

1805 Frederick Blvd, Portsmouth, VA 23707

1204 Airline Blvd, Portsmouth, VA 23707-4010

4114 George Washington Hwy, Portsmouth, VA 23702-2004

3526 Airline Blvd, Portsmouth, VA 23701-2616

600 Airline Blvd, Portsmouth, VA 23707-3303

3200 Deep Crk Blvd, Portsmouth, VA 23704-6116

107 Chowan Dr, Portsmouth, VA 23701-2451

4105 Portsmouth Blvd, Portsmouth, VA 23701-2915

3802 Deep Crk Blvd, Portsmouth, VA 23702-1206

1501 Frederick Blvd, Portsmouth, VA 23707

3601 George Washington Hwy, Portsmouth, VA 23704-6842

2613 Detroit St, Portsmouth, VA 23707-1718

3332 Victory Blvd, Portsmouth, VA 23701-4320

3301 Ss St, Portsmouth, VA 23707-4117

Portsmouth, VA Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

Property Size Breakdown

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