2900 Airline BLVD
Portsmouth, VA, 23701 $ 246,000
Bedrooms-- Baths-- Sq 6,080 Monthly Estimate*
$ 1,699
for $246,000. This 6,080 square foot building was built in 1964 on a lot size of 1.212.
Exceptional opportunity to acquire a well-established, fully equipped full-service restaurant in a prime Portsmouth location. Serving breakfast, lunch, and dinner, this turn-key operation is ready for a new owner to step in and continue or expand the business. The restaurant features seating for approximately 130 guests, including a private dining room accommodating up to 30 guests, making it for special events, meetings, parties, and catering opportunities. The sale includes a complete package of commercial kitchen equipment, including double pizza ovens, grills, fryers, prep stations, walk-in cooler, walk-in freezer, and all furniture, fixtures, and equipment necessary for daily operations. Additional highlights include six POS stations, established dine-in and takeout operations, ample parking, strong visibility, and significant growth potential. Suitable for a variety of restaurant concepts, including family dining, breakfast house, buffet, Mediterranean, Italian, American, seafood, or franchise conversion. Long-term lease available with favorable rent of only $4,500 per month. Rare opportunity to acquire a spacious, fully operational restaurant at a fraction of replacement cost. Business only; real estate not included. Confidential sale. Contact listing agent for additional details and showing instructions.
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FeaturesGeneralConstruction Block Frame
Heating Gas
Cooling Central Air Heat Pump
Utilities City Sewer City Water Electric Gas
Ownership Type Business Only
Features Pole Sign Public Restrms Rear Entrance
Roof Asphalt Shingle
Parking 51-100 Spcs
Zoning GMU
Property Type Commercial/Industrial
Area 22 - Northwest Portsmouth
Subdivision Name ALL OTHERS AREA 22
Location Frontage Other
Sub Type Purchase
New Construction Y/N 0
Non Non Contingent
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ExteriorSiding Stucco Vinyl
Foundation Slab
Garage Y/N 0
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* Excluded FeaturesList ByMustafa CuceListing Agent
Sunrise Real Estate GroupBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,699
- Monthly Property Taxes
- $704
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Portsmouth, VA
Average List Price $568,034
Percent of Sale Price 131%
About Portsmouth, VA 93,572 Population
-7% Since 2002
$ 47,591 Median Income
37.48 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
239339 Elementary School
239621 Middle School
Unknown High School High School