1370 S Military Hwy - Restaurant FOR SALE


Chesapeake, VA 23320- Indian River
$795,000 USD
757-710-7043
1370 S Military Hwy, Chesapeake, VA for Sale
$795,000 USD
Restaurant - FOR SALE
1/13
null | 15.09% Cap Rate

NEW


1370 S Military Hwy
Chesapeake, VA 23320
Indian River


HIGHLIGHTS

  • Prime Chesapeake Location with High Visibility & Strong Customer Base
  • Turnkey Restaurant + Real Estate + FF&E, Fully equipped commercial kitchen with pizza ovens, refrigeration, and restaurant equipment
  • Nearly 20 years of established operation with strong reputation and loyal customer base

OVERVIEW

TURNKEY RESTAURANT & REAL ESTATE INVESTMENT OPPORTUNITY – CHESAPEAKE, VA Exceptional opportunity to acquire a fully operational, long-established restaurant along the highly visible S Military Highway corridor in Chesapeake, Virginia. This rare offering includes the real estate, successful restaurant business, valuable goodwill, and all furniture, fixtures, and equipment (FF&E), providing a true turnkey operation for investors, restaurateurs, or entrepreneurs. The restaurant has been successfully serving the community for nearly 20 years, earning a strong reputation, loyal customer base, and consistent presence in the area. The property features approximately 2,623 square feet of freestanding restaurant space situated on a 25,003 square foot lot (approximately 0.57 acres), offering excellent visibility, convenient access, and ample parking. The fully equipped commercial kitchen includes pizza ovens, grills, refrigeration units, food preparation equipment, storage areas, and all essential restaurant equipment necessary for continued operation. The dining area is fully furnished and designed to accommodate immediate business continuity with minimal downtime. Purchase Options: Complete Package – $795,000 Commercial real estate Established restaurant business Goodwill and customer base All furniture, fixtures & equipment (FF&E) Fully equipped commercial kitchen Business Only – $140,000 Established business Goodwill Equipment & FF&E Attractive lease opportunity available Approximate lease payment: $5,500 per month Property Highlights: Freestanding commercial building Approx. 2,623 SF building Approx. 25,003 SF lot Prime S Military Highway location High visibility and excellent accessibility Nearly two decades of established operation Strong local recognition and loyal clientele Turnkey opportunity – continue existing concept or bring your own restaurant vision Ample parking Valuable business goodwill included Area Highlights Located in the desirable Greenbrier area of Chesapeake, this property benefits from a dense surrounding population, strong commercial activity, and excellent regional access. The location serves customers from Chesapeake, Norfolk, Virginia Beach, and surrounding Hampton Roads communities. Demographic advantages include: Over 11,000 residents within 1 mile Over 100,000 residents within 3 miles Over 250,000 residents within 5 miles This is a rare opportunity to own a well-established restaurant, secure the underlying real estate, and capitalize on an exceptional location with a built-in customer base. Please do not visit the restaurant, approach employees, or discuss the sale with staff. All showings and inquiries must be coordinated exclusively through the listing agent. For additional information or to schedule a confidential showing, contact: Mustafa Cuce Sunrise Real Estate Group 757-710-7043

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

15.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

25,003 SF

ZONING

PUD

APN/PARCEL ID

0200000000038

ASK ABOUT THIS PROPERTY

Mustafa CuceSunrise Real Estate GroupMore Info
757-710-7043

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Mustafa CuceSunrise Real Estate GroupMore Info
757-710-7043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.