Former Waterfront Restaurant

308 Mediterranean Ave, Virginia Beach, VA 23451

Property Information

  • For Lease Contact for pricing
  • Property Type Retail - Street Retail
  • Property Size 8,736 SF
  • Units 53
  • Lot Size 2.1 Acre
  • Year Built 1991
  • Date Updated Jul 31, 2026

Description

Formerly home to the iconic Rockafeller's Restaurant, this exceptional second-generation restaurant property offers one of Virginia Beach's most distinctive waterfront settings. Positioned on approximately one acre overlooking Rudee Inlet, the freestanding property features expansive covered porches, panoramic views of the marina and commercial fishing fleet, deep-water dockage, ample private parking, and a flexible layout ready for modernization. An optional third floor includes an office and residential apartment, providing opportunities for employee housing, additional income, or on-site management.

Highlights

  • 60 paved parking spaces
  • Approximately 8,736 square feet across three levels
  • Approximately one-acre freestanding site
  • Basement prep, storage, walk-in and delivery areas
  • Deep-water dockage with designated slips
  • Expansive wraparound covered porches
  • Iconic former Rockafeller's Restaurant location
  • Lease rate available upon request
  • Optional third-floor office and apartment
  • Panoramic marina and water views
  • Premier Rudee Inlet waterfront setting
  • Second-generation restaurant infrastructure
  • Significant modernization and repositioning potential

1 Space Available

2nd Generation Restaurant Space & Waterfront Retail

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

8,736 SF

Divisible Space

8,736 - 8,736 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Basement = 1,150SF (Prep/Walk In/Delivery/Storage) 1st Floor = 3,36SF (1,872SF enclosed / 1,664SF covered porch) 2nd Floor = 2,682SF (1,836SF enclosed / 864SF covered porch) *3rd Floor (optional) = 1,350SF (1 office and 1 apartment)

Contacts

Location

Located at 308 Mediterranean Ave, Virginia Beach, VA 23451, this property is part of the Shadow Lawn Heights neighborhood and Richmond Tidewater market.

Contact Listing Broker
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