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    Portsmouth, VA Restaurants for Sale

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    Chesapeake, VA Norfolk, VA Suffolk, VA
    Restaurant Building and Business For Sale
    $584,999
    1,222 SF
    Restaurant Building and Business For Sale

    3332 Victory Boulevard, Portsmouth, VA 23701

    Established restaurant business and well-maintained building for sale.
    • Established "Prince Fried Chicken" business included in sale.
    • All kitchen fixtures included.
    • Well‑maintained all brick building.
    • High‑traffic corner lot location (Greenwood Dr & Victory).
    • Proximity to Interstate and mass transit.
    Updated: Jun 20, 2025
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    Versatile Victory Boulevard Commercial Property
    $399,000
    4,264 SF
    Versatile Victory Boulevard Commercial Property

    3328 Victory Boulevard, Portsmouth, VA 23701

    Adaptable commercial space near Rivers Casino, suitable for diverse ventures.
    • 4000+ sqft of open space adaptable for various uses
    • Centrally located on Victory Blvd.
    • Proximity to Rivers Casino (1 mile)
    • Includes a full kitchen
    • Features 2 bathrooms
    Updated: Mar 12
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    Former Restaurant with Hood System
    $600,000
    3,317 SF
    Former Restaurant with Hood System

    Iconic restaurant property available for sale near Old Towne.

    1505 Airline Blvd, Portsmouth, VA

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Portsmouth, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

    Turnkey Restaurant & Bar Building
    $1,375,000
    4,132 SF
    Turnkey Restaurant & Bar Building

    2017 renovated bar and restaurant building offered for sale with tenants in place and updated interior systems.

    731 Granby Street, Norfolk, VA 23510

    View details
    Historic Norfolk Restaurant Investment Opportunity
    $1,400,000
    6,400 SF
    Historic Norfolk Restaurant Investment Opportunity

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

    241 Granby Street, Norfolk, VA 23510

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    Historic Truck Stop For Sale
    Contact for pricing
    12,282 SF
    Historic Truck Stop For Sale

    Established truck stop with restaurant and comprehensive trucking services.

    4717 W Military Hwy, Chesapeake, VA 23321

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    Restaurant Opportunity in Retail Corridor
    Contact for pricing
    7,071 SF
    Restaurant Opportunity in Retail Corridor

    Fully equipped restaurant in a high-traffic retail area.

    1672 Sentinel Dr, Chesapeake, VA

    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
    $495,000
    1.26 Acres
    Commercial Land in Chesapeake, VA

    1.262 acres of commercial land for sale.

    1601 Cahoon Parkway |, Chesapeake, VA 23322

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    Suffolk Commercial Land Opportunity
    $189,900
    7,511 SF
    Suffolk Commercial Land Opportunity

    B-1 zoned flat lot with excellent commercial potential.

    208 E. Pinner St, Suffolk, VA 23434

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    Corner Lot in Hampton, VA
    $200,000
    0.41 Acres
    Corner Lot in Hampton, VA

    Vacant corner lot with potential for various commercial uses.

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

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    Moyock, NC Vacant Land
    $1,200,000
    3.24 Acres
    Moyock, NC Vacant Land

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

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

    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.

    316 High St
    NIGHTCLUB (COCKTAIL LOUNGE)
    31,192 SF Lot: 0.37 Acres
    Estimated value
    $1,810,000

    316 High St, Portsmouth, VA 23704-3707

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    3219 George Washington Hwy
    BAR, TAVERN
    2,111 SF Lot: 0.77 Acres
    Value Estimation by Request

    3219 George Washington Hwy, Portsmouth, VA 23704-6953

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    5004 George Washington Hwy
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,258 SF Lot: 0.30 Acres
    Estimated value
    $2,090,000

    5004 George Washington Hwy, Portsmouth, VA 23702-2602

    View details
    2323 King St
    NIGHTCLUB (COCKTAIL LOUNGE)
    6,195 SF Lot: 0.48 Acres
    Value Estimation by Request

    2323 King St, Portsmouth, VA 23704-2927

    View details
    440 Chestnut St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,648 SF Lot: 0.80 Acres
    Estimated value
    $700,000

    440 Chestnut St, Portsmouth, VA 23704-3322

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    1903 Frederick Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,467 SF Lot: 0.96 Acres
    Estimated value
    $2,060,000

    1903 Frederick Blvd, Portsmouth, VA 23707

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    3114 Tyre Nck Rd
    BAKERY
    6,000 SF Lot: 0.79 Acres
    Estimated value
    $520,000

    3114 Tyre Nck Rd, Portsmouth, VA 23703-4512

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    4066 Victory Blvd
    NIGHTCLUB (COCKTAIL LOUNGE)
    5,301 SF Lot: 1.38 Acres
    Estimated value
    $1,110,000

    4066 Victory Blvd, Portsmouth, VA 23701-2820

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    1805 Frederick Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,321 SF Lot: 0.92 Acres
    Estimated value
    $2,230,000

    1805 Frederick Blvd, Portsmouth, VA 23707

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    1204 Airline Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,484 SF Lot: 0.27 Acres
    Value Estimation by Request

    1204 Airline Blvd, Portsmouth, VA 23707-4010

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    4114 George Washington Hwy
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,022 SF Lot: 0.72 Acres
    Value Estimation by Request

    4114 George Washington Hwy, Portsmouth, VA 23702-2004

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    3526 Airline Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,967 SF Lot: 0.77 Acres
    Value Estimation by Request

    3526 Airline Blvd, Portsmouth, VA 23701-2616

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    600 Airline Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,542 SF Lot: 0.54 Acres
    Value Estimation by Request

    600 Airline Blvd, Portsmouth, VA 23707-3303

    View details
    3200 Deep Crk Blvd
    NIGHTCLUB (COCKTAIL LOUNGE)
    2,386 SF Lot: 0.07 Acres
    Value Estimation by Request

    3200 Deep Crk Blvd, Portsmouth, VA 23704-6116

    View details
    107 Chowan Dr
    NIGHTCLUB (COCKTAIL LOUNGE)
    8,256 SF Lot: 0.57 Acres
    Value Estimation by Request

    107 Chowan Dr, Portsmouth, VA 23701-2451

    View details
    4105 Portsmouth Blvd
    BAR, TAVERN
    3,255 SF Lot: 0.41 Acres
    Estimated value
    $655,000

    4105 Portsmouth Blvd, Portsmouth, VA 23701-2915

    View details
    3802 Deep Crk Blvd
    NIGHTCLUB (COCKTAIL LOUNGE)
    1,200 SF Lot: 0.21 Acres
    Value Estimation by Request

    3802 Deep Crk Blvd, Portsmouth, VA 23702-1206

    View details
    1501 Frederick Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,490 SF Lot: 0.56 Acres
    Value Estimation by Request

    1501 Frederick Blvd, Portsmouth, VA 23707

    View details
    3601 George Washington Hwy
    BAR, TAVERN
    2,465 SF Lot: 0.45 Acres
    Value Estimation by Request

    3601 George Washington Hwy, Portsmouth, VA 23704-6842

    View details
    2613 Detroit St
    NIGHTCLUB (COCKTAIL LOUNGE)
    1,013 SF Lot: 0.13 Acres
    Value Estimation by Request

    2613 Detroit St, Portsmouth, VA 23707-1718

    View details
    3332 Victory Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,222 SF Lot: 0.32 Acres

    3332 Victory Blvd, Portsmouth, VA 23701-4320

    View details

    Portsmouth, VA Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Portsmouth, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,803 square feet of properties for sale, with an estimated market value of $1,583,999.

    Sale prices for restaurant properties in Portsmouth, VA start at $399,000, averaging $527,999, and reaching up to $600,000 — 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 1

    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 $492K

    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)

    Property Size Breakdown

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

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