925 E. Little Creek Road
Freestanding Retail/Restaurant – C2-Zoned Diner Site, 16 Parking Spots, Little Creek Rd, Norfolk, VA
Marketing description
Property is being sold through a virtual auction at www.dudleyresources.com . List price does not reflect the final sale price. Property is being conveyed as is, where is. There is a 10% buyers premium added to the high bid. Virtual auction ends August 13th @ 2 PM.
1,936 SF freestanding commercial building on a 0.23-acre (10,019 SF) lot in Norfolk's Little Creek submarket, zoned C2 (General Commercial). Originally built in 1960 and most recently home to Johnny's Diner, the building has since been gutted down to a shell with new framing already installed — giving an investor or owner-operator a clean slate to build out a concept of their own, without the cost or delay of demolition. C2 zoning supports a wide range of by-right uses, including restaurant/food service, retail sales, personal services, professional office, banks, and medical offices, so the building's next chapter isn't locked into its past.
Location & Market
The property sits on a 75-foot frontage with two curb cuts along E. Little Creek Rd, inside an established, retail-dense corridor rather than an isolated pad site - supporting co-tenancy and drive-by traffic for whatever concept comes next. Daily traffic counts run 17,670–22,841 vehicles near the subject, rising to 35,946 near the N. Military Hwy/Rt. 165 intersection. The trade area benefits from proximity to Joint Expeditionary Base Little Creek (7.91% of the 1-mile population is Armed Forces) and a strong daytime employment base of 696 businesses and 4,851 employees within one mile, supporting $19.3M in annual food-away-from-home spending independent of residential population trends.
Recent corridor sale comparables on E. Little Creek Rd support $137–$257/SF for comparable retail/restaurant buildings, and broader 5-mile trade area comps range up to $475/SF - well above the subject's most recent transfer basis of $211,000 ($108.99/SF, May 2026), which itself sits roughly 34% below the current $318,000 tax assessment.
Property Details
- Building Size: 1,936 SF (gutted shell, new framing in place)
- Lot Size: 0.23 AC / 10,019 SF
- Year Built: 1960
- Zoning: C2 (Norfolk)
- Parking: 16 surface spaces
- Amenities: Bus line, pylon sign, existing signage
- Parcel ID: 11685900 | Legal Description: Lot 6, Block B, Lincoln Park
Auction Details
- Auction Date & Time: August 13, 2026 @ 2:00 PM
- Opening Bid: $150,000
- Agent on Site: July 30, 2026, 11:00 AM- 1:00 PM and August 6, 2026, 11:00 AM- 1:00 PM
- Buyer's Premium: 10% added to the highest bid
- Terms: Sold As-Is, no financing contingency, 30-day closing
- Full Terms & Conditions and Purchase Agreement are available for review before bidding - all bidders are responsible for independent due diligence and inspection.
Investment highlights
- 2026 Tax Assessment: $318,000
- Opening Bid: $150,000
- Clean-slate build-out opportunity without demolition costs
- Corridor sale comparables support $137-$257/SF
- Proximity to Joint Expeditionary Base Little Creek
- Dense surrounding retail/QSR node
- 696 businesses / 4,851 daytime employees within 1 mile
- $19.3M annual food-away-from-home spending in 1-mile trade area
- 7.91% Armed Forces population share in 1-mile radius
- C2 zoning permits broad by-right uses: retail, restaurant, office, personal services
- No rezoning or use-permit required for restaurant reactivation
- traffic count is between 24000-30,0000 cars a day
- 2 curb cutouts
- 16 Park Spaces
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