For Sale
$450,000

130 Commerce StSuffolk, VA 23434

Turnkey Restaurant, High-Traffic Location

Overview

Added:
Feb 3
Days on market:
60
This exceptional commercial property at 130 Commerce Street in Suffolk, Virginia presents a unique investment opportunity. The 4,300 square foot building, situated on a 0.18-acre lot, is ideally located in the heart of downtown Suffolk, adjacent to a large, free city parking lot, ensuring convenient customer access. The building boasts a brand-new membrane roof, significantly reducing maintenance costs and enhancing its longevity. A substantial outdoor patio area provides ample space for al fresco dining or additional seating. Currently operating as a successful restaurant with an established customer base, the property includes a fully equipped commercial kitchen featuring a four-year-old hood system, ready for immediate operation. The existing restaurant's loyal following provides a strong foundation for continued success. Furthermore, this property offers significant potential for financial incentives. The building may qualify for up to $10,000 through Suffolk's Facade Improvement Program and an additional $10,000 grant through Suffolk's Small Business Improvement Grant program, potentially offsetting renovation or improvement costs. This turnkey operation presents a compelling opportunity for both established restaurateurs and savvy investors seeking a high-return property in a thriving downtown location. The asking price for this exceptional property is $450,000.

Property Details for 130 Commerce St

Property type
Year Built
1960
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Suffolk
County
SUFFOLK
State
Virginia
Latitude
36.72872
Longitude
-76.58134
130 Commerce St, Suffolk, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
130 Commerce St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message