Amarillo, Texas, is a prime location for investing in restaurants, with its diverse economy and rich cultural heritage. As a hub for the meat packing, petroleum extraction, and agriculture industries, Amarillo attracts a wide range of customers, from locals to travelers. With its unique blend of cowboy culture and Texas charm, Amarillo is an attractive destination for foodies and families alike. The city's amenities, including medical facilities, parks, and sports facilities, make it an ideal place to live, work, and play. Additionally, Amarillo's proximity to natural attractions like Palo Duro Canyon State Park and Alibates Flint Quarries National Monument adds to its appeal. With 11 restaurants for sale in Amarillo, investors have a wide range of options to choose from, including everything from casual eateries to fine dining establishments.
Amarillo's restaurants offer a unique blend of Texas cuisine and international flavors, catering to the diverse tastes of the local population. From classic Tex-Mex to modern fusion cuisine, Amarillo's restaurants reflect the city's rich cultural heritage. In addition to its restaurants, Amarillo is also home to a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of options for residents, from luxury complexes to affordable housing. Amarillo's shopping centers, such as the Westgate Mall, provide a convenient shopping experience for locals and visitors alike. The city's specialty properties, including the historic Polk Street district, offer a unique blend of charm and character. Meanwhile, Amarillo's hotels, such as the Embassy Suites by Hilton Amarillo Downtown, provide comfortable accommodations for travelers. With its diverse range of commercial properties, Amarillo is an attractive destination for investors and entrepreneurs alike.
What is the average cost per square foot for a restaurant in Amarillo?
Based on current listings, the average cost per square foot for a restaurant in Amarillo is $571 USD per square foot, with available listings totaling 11 and averaging 9,116 square feet in size, with the largest listing spanning 67,295 square feet.
What factors determine the value of a restaurant for sale in Amarillo?
When evaluating the value of a restaurant for sale in Amarillo, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 27 and Interstate 40, as well as accessibility to local amenities like Medical Park and Thompson Memorial Park, being highly desirable;
- The restaurant's size, with an average size of 9,116 square feet, and a maximum size of 67,295 square feet, influencing its value;
- The restaurant's financial performance, including its average price per square foot of $571 USD and average cap rate of 7.6%, which can impact its overall value and attractiveness to potential buyers.
