$1,400,000
( $218.75Per Sq Foot )
$7,516 est/mo Sourced by Back At You241 Granby St,Norfolk, VA 23510
Norfolk, VA 23510
Description
Stabilized, turnkey investment in a proven location. Prime investment opportunity in downtown Norfolk's historic district with a long-term tenant already in place. This offering includes the commercial portion of the condominium encompassing the first two floors of the Historic Portlock Building, featuring a spacious two-story restaurant and bar with an additional mezzanine level. One of the largest restaurant footprints in the area, complete with an extensive tap system, the property is well-positioned for sustained tenant success. Investors benefit from immediate income with future upside potential through rent growth and continued demand in this high-traffic, centrally located corridor.
Details
| MLS # | 10628934 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 27 |
| Listing Provided By | Atlantic Sothebys Int'l Realty | Kris Weaver |
Features
| SQ Feet | 6,400 |
|---|---|
| Basement | Y |
| Zoning | D-3 |
| Acreage | 0.03 |
Interior
| Cooling | Central Air, Other |
|---|---|
| Heating | Forced Hot Air, Other |
Exterior
| Construction | Other |
|---|---|
| Exterior Siding | Brick |
| Garage Yn | 0 |
| Roof | Other |
Location
| Features | Fire Sprinkler Sys, Inside Storage, Lighting, Priv Restrms, Rear Entrance |
|---|---|
| Location | Frontage |
Parking
| Parking | Street |
|---|
Utilities
| Utilities | City Sewer, City Water, Electric, Gas, Telephone Avail |
|---|
Other
| Lease Type | Multiple |
|---|
Taxes
| Property | 13544 |
|---|
Area Information
| State | VA |
|---|---|
| County | Norfolk VA |
| City | Norfolk |
| Zip Code | 23510 |
| Area | 11 West Norfolk |
| Community Name | DOWNTOWN AREA |
| Listing VS Median (in DOWNTOWN AREA) | |
Price: $1,400,000 low | high Med: $325,000 sqft: 6,400 low | high Med: 1,140 $ / sqft: $219 low | high Med: $298 On site: 27 low | high Med: 11.5 | |
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Learn More About This Property
| State | VA |
|---|---|
| County | Norfolk VA |
| City | Norfolk |
| Zip Code | 23510 |
| Area | 11 West Norfolk |
| Community Name | DOWNTOWN AREA |
| Listing VS Median (in DOWNTOWN AREA) | |
Price: $1,400,000 low | high Med: $325,000 sqft: 6,400 low | high Med: 1,140 $ / sqft: $219 low | high Med: $298 On site: 27 low | high Med: 11.5 | |
Nearby Listings (Within 1/4 mile)
Price: $1.5M - $1.75M
sqft: 4,500 - 8,000
 | $1,125,000211 W Freemason StNorfolk, VA 23510 |
Listing Updated: October 8, 2026 at 9:24:50 AM PDT