Alexandria, Virginia, is a prime location for investing in restaurants, with its rich history, cultural attractions, and proximity to the nation's capital. With 3 restaurants for sale, Alexandria offers a diverse range of investment opportunities. Restaurants in Alexandria can represent a variety of investments, from casual eateries to fine dining establishments, and from family-owned businesses to national chains. The city's unique blend of historical charm and modern amenities makes it an attractive destination for tourists and locals alike, providing a strong customer base for restaurants. Additionally, Alexandria's highly educated population, with a strong presence of professionals working in the federal civil service, U.S. military, and private companies contracting with the federal government, ensures a consistent demand for quality dining options. The city's infrastructure, including the Alexandria Library, DASH bus system, Metrobus, Washington Metro, and Virginia Railway Express, makes it easily accessible, while its geography, situated on the western bank of the Potomac River, provides a unique natural feature that influences its character. Overall, Alexandria is an excellent place to invest in a restaurant, with its unique blend of history, culture, and amenities.
Alexandria's restaurants are an integral part of the city's cultural landscape, with many establishments located in the historic Old Town area. The city's proximity to Washington, D.C., and its strong economy, driven by major employers such as the U.S. Department of Defense, the Institute for Defense Analyses, and the United States Patent and Trademark Office, ensure a consistent demand for quality dining options. In addition to restaurants, Alexandria also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, such as those in the Upper King Street neighborhood, offer a unique blend of historic charm and modern amenities. Shopping centers, like the ones along King Street, provide a convenient location for retailers and restaurants. Specialty properties, such as the Torpedo Factory Art Center, offer a unique opportunity to invest in a piece of Alexandria's cultural heritage. Meanwhile, hotels, like those in the Old Town area, cater to the city's many tourists and business travelers. Overall, Alexandria's diverse range of investment opportunities makes it an attractive destination for investors.
What is the average cost per square foot for a restaurant in Alexandria?
The average cost per square foot for a restaurant in Alexandria is $823 USD per square foot, with an average size of 5,663 square feet and a largest size of 13,096 square feet, among the 3 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Alexandria?
The value of a restaurant for sale in Alexandria is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs, tourist attractions, and high-traffic areas in Old Town and other popular neighborhoods influencing foot traffic and revenue potential;
- Size and condition of the property, with average sizes ranging from 5,663 square feet to 13,096 square feet, and the overall condition impacting renovation costs and potential for expansion;
- Financial performance, including average cap rates of 6.24% and sales data from the 3 available listings, which can indicate the restaurant's profitability and growth potential.
