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    Portsmouth, VA
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    Portsmouth, VA Restaurants for Sale

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    Corner Conventional Restaurant Building
    Updated: Jun 20, 2025
    Corner Conventional Restaurant Building

    3332 Victory Boulevard, Portsmouth, VA 23701

    $565,900
    1,222 sqft 0.32 AC lot
    Includes business and building/land for sale with all kitchen fixtures
    0.32‑acre corner lot at Greenwood Dr and Victory Boulevard
    1,222 SF conventional restaurant building
    Zoned GMU
    Electric heating with central air conditioning
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    3332 Victory Boulevard, Portsmouth, VA 23701

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    • Est. Cap Rate

      2.8%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $227K
      Suggested

    • Last Sold

      Sep 2021
      $340K

    • Property Type

      Drive-Thru Restaurant, Fast Food
      Built 1970
    View Property Analytics
    Full-Service Restaurant with Private Dining
    Updated: Jun 18
    Full-Service Restaurant with Private Dining

    2900 Airline Boulevard, Portsmouth, VA 23701

    $246,000
    6,080 sqft 1.21 AC lot
    About 130 guest seats plus a private dining room for up to 30
    Complete restaurant package includes double pizza ovens, grills, fryers, prep stations
    Walk‑in cooler and walk‑in freezer included
    Six POS stations for dine‑in and takeout operations
    Natural gas heating with central air and heat pump
    View details
    Freestanding Restaurant with Drive-Through
    Freestanding Restaurant with Drive-Through

    440 Chestnut Street, Portsmouth, VA 23704

    $1,200,000
    2,648 sqft 0.80 AC lot

    Freestanding restaurant building with drive-through on a 0.80-acre lot, offering high visibility near key road access.

    View details
    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
    Turnkey Restaurant & Bar Building

    731 Granby Street, Norfolk, VA 23510

    $1,375,000
    4,132 sqft 0.07 AC lot

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

    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
    Turnkey Stand-Alone Restaurant Property
    Turnkey Stand-Alone Restaurant Property

    1370 S Military Highway, Chesapeake, VA 23320

    $779,000
    2,623 sqft 0.57 AC lot

    Stand-alone restaurant building with extensive commercial kitchen equipment, dining furniture, and real estate ownership.

    View details
    Turn-Key Dessert Cafe
    Turn-Key Dessert Cafe

    1032 Volvo Parkway, Chesapeake, VA 23320

    $120,000
    2,000 sqft 4.50 AC lot

    Established dessert cafe operating 1pm–8pm with an expanded menu mix including cakes, macarons, bubble tea, coffee, and Bingsoo.

    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
    Suffolk Commercial Land Opportunity
    Suffolk Commercial Land Opportunity

    208 E. Pinner St, Suffolk, VA 23434

    Contact for pricing
    7,511 sqft 0.17 AC lot

    B-1 zoned flat lot with excellent commercial potential.

    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
    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 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)

    316 High St, Portsmouth, VA 23704-3707

    $1,810,000
    Estimated value
    31,192 sqft 0.37 AC lot
    View details
    3219 George Washington Hwy
    BAR, TAVERN

    3219 George Washington Hwy, Portsmouth, VA 23704-6953

    Value Estimation by Request
    2,111 sqft 0.77 AC lot
    View details
    5004 George Washington Hwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    5004 George Washington Hwy, Portsmouth, VA 23702-2602

    $2,090,000
    Estimated value
    3,258 sqft 0.30 AC lot
    View details
    2323 King St
    NIGHTCLUB (COCKTAIL LOUNGE)

    2323 King St, Portsmouth, VA 23704-2927

    Value Estimation by Request
    6,195 sqft 0.48 AC lot
    View details
    440 Chestnut St
    DRIVE-THRU RESTAURANT, FAST FOOD

    440 Chestnut St, Portsmouth, VA 23704-3322

    $700,000
    Estimated value
    2,648 sqft 0.80 AC lot
    View details
    1903 Frederick Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    1903 Frederick Blvd, Portsmouth, VA 23707

    $2,060,000
    Estimated value
    2,467 sqft 0.96 AC lot
    View details
    3114 Tyre Nck Rd
    BAKERY

    3114 Tyre Nck Rd, Portsmouth, VA 23703-4512

    $520,000
    Estimated value
    6,000 sqft 0.79 AC lot
    View details
    4066 Victory Blvd
    NIGHTCLUB (COCKTAIL LOUNGE)

    4066 Victory Blvd, Portsmouth, VA 23701-2820

    $1,110,000
    Estimated value
    5,301 sqft 1.38 AC lot
    View details
    1805 Frederick Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    1805 Frederick Blvd, Portsmouth, VA 23707

    $2,230,000
    Estimated value
    2,321 sqft 0.92 AC lot
    View details
    1204 Airline Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    1204 Airline Blvd, Portsmouth, VA 23707-4010

    Value Estimation by Request
    1,484 sqft 0.27 AC lot
    View details
    4114 George Washington Hwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    4114 George Washington Hwy, Portsmouth, VA 23702-2004

    Value Estimation by Request
    3,022 sqft 0.72 AC lot
    View details
    3526 Airline Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    3526 Airline Blvd, Portsmouth, VA 23701-2616

    Value Estimation by Request
    2,967 sqft 0.77 AC lot
    View details
    600 Airline Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    600 Airline Blvd, Portsmouth, VA 23707-3303

    Value Estimation by Request
    2,542 sqft 0.54 AC lot
    View details
    3200 Deep Crk Blvd
    NIGHTCLUB (COCKTAIL LOUNGE)

    3200 Deep Crk Blvd, Portsmouth, VA 23704-6116

    Value Estimation by Request
    2,386 sqft 0.07 AC lot
    View details
    107 Chowan Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

    107 Chowan Dr, Portsmouth, VA 23701-2451

    Value Estimation by Request
    8,256 sqft 0.57 AC lot
    View details
    4105 Portsmouth Blvd
    BAR, TAVERN

    4105 Portsmouth Blvd, Portsmouth, VA 23701-2915

    $655,000
    Estimated value
    3,255 sqft 0.41 AC lot
    View details
    3802 Deep Crk Blvd
    NIGHTCLUB (COCKTAIL LOUNGE)

    3802 Deep Crk Blvd, Portsmouth, VA 23702-1206

    Value Estimation by Request
    1,200 sqft 0.21 AC lot
    View details
    1501 Frederick Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    1501 Frederick Blvd, Portsmouth, VA 23707

    Value Estimation by Request
    2,490 sqft 0.56 AC lot
    View details
    3601 George Washington Hwy
    BAR, TAVERN

    3601 George Washington Hwy, Portsmouth, VA 23704-6842

    Value Estimation by Request
    2,465 sqft 0.45 AC lot
    View details
    2613 Detroit St
    NIGHTCLUB (COCKTAIL LOUNGE)

    2613 Detroit St, Portsmouth, VA 23707-1718

    Value Estimation by Request
    1,013 sqft 0.13 AC lot
    View details
    3332 Victory Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    3332 Victory Blvd, Portsmouth, VA 23701-4320

    Value Estimation by Request
    1,222 sqft 0.32 AC lot
    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 9,950 square feet of properties for sale, with an estimated market value of $2,011,900.

    Sale prices for restaurant properties in Portsmouth, VA start at $246,000, averaging $670,633, and reaching up to $1,200,000 — 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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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2
    Drive through 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 $406K
    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)

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Portsmouth, VA

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    • 23704

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