Map of Property

Former Waterfront Restaurant

For Lease

308 Mediterranean Ave, Virginia Beach, VA 23451

You can currently find 1 retail space(s) available for lease at Former Waterfront Restaurant. Designated use type for space listed here includes retail. Current retail listings at this property total 8,736 square feet. Lease type options include Full Service. Expand the listing and property details below for additional information on leasing opportunities at Former Waterfront Restaurant.

Space Available For Lease 1

Contacts

Neal Sadler

Divaris Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 8,736 SF
  • Units 53
  • Lot Size 2.1 Acre
  • Year Built 1991
  • Date Updated Aug 4, 2026
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.
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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

Attachments

Getting around

  • 20/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Virginia Beach, VA
  • Neighborhood Shadow Lawn Heights
  • Zip Code 23451
  • Market Richmond Tidewater

Points of Interest

  • Shell

    1.18 miles

  • BP

    1.25 miles

  • Citgo

    1.65 miles

  • Sunoco

    1.90 miles

  • 7-Eleven

    2.45 miles

  • Wawa

    2.53 miles

  • Virginia Beach Municipal Parking Lot 2nd Street

    0.48 miles

  • 9th Street Municipal Parking Deck

    0.48 miles

  • Holiday Trav-L Park Customer Parking

    0.50 miles

  • Beach Parking ($20/day)

    0.98 miles

  • South Lot 2

    0.99 miles

  • Valet Parking

    1.00 miles

  • South Lot 1

    1.03 miles

  • WRV Skatepark

    1.03 miles

  • North Lot 2

    1.14 miles

  • Beach Parking

    1.15 miles

  • Big Sam's Inlet Cafe & Raw Bar

    0.23 miles

  • Roma Pizza

    0.40 miles

  • Waterman's

    0.44 miles

  • Black Angus

    0.45 miles

  • NY Pizza

    0.47 miles

  • Mahi Mah's

    0.47 miles

  • Chix Seaside Grill & Bar

    0.49 miles

  • 9th Street Grill

    0.51 miles

  • Planet Pizza

    0.51 miles

  • Subway

    0.55 miles

  • Food Lion

    1.11 miles

  • Harris Teeter

    1.67 miles

  • Walmart Supercenter

    2.50 miles

  • Oceana Commissary

    2.64 miles

  • Target

    2.64 miles

  • The Fresh Market

    2.72 miles

  • Navy Exchange

    2.76 miles

  • Trader Joe's

    2.83 miles

  • Whole Foods Market

    3.06 miles

  • Kroger

    3.10 miles

308 Mediterranean Ave Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    The rent for retail space at 308 Mediterranean Ave is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 8,736 square feet of retail space for lease. Of this total, 8,736 square feet are Retail.

    Lease agreement conditions for the availability at this property include Full Service.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Shadow Lawn Heights is 40. The average household income here is $100,697 per year.

Contact Listing Broker
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