Asheville, North Carolina, is a prime location for investing in restaurants, with 10 available listings for sale. Restaurants in Asheville offer a unique opportunity for entrepreneurs to tap into the city's rich cultural scene, which attracts visitors from all over the world. Asheville's restaurants can be a diverse range of investments, from casual eateries to fine dining establishments, and even food trucks. The city's strong economy, fueled by major corporations like HomeTrust Bancshares, Ingles, and The Biltmore Company, ensures a steady stream of customers. Additionally, Asheville's amenities, such as the Mission Hospital and the Charles George VA Medical Center, make it an attractive location for residents and visitors alike. The city's infrastructure, including Asheville Regional Airport and major roadways like Interstate 40 and Interstate 26, provides easy access to the city. With its unique blend of art, music, and outdoor recreation, Asheville is an ideal location for restaurants that cater to a wide range of tastes and preferences.
Asheville's restaurant scene is a vibrant part of the city's identity, with a diverse range of cuisines and dining experiences available. The city's proximity to the Blue Ridge Mountains and the French Broad River makes it an attractive location for outdoor enthusiasts, who can enjoy activities like whitewater kayaking and disc golf. In addition to restaurants, Asheville is also home to a range of other property types, including 10 apartment buildings, shopping centers, specialty properties, and hotels, each offering unique amenities and investment opportunities. For example, apartment buildings in Asheville offer residents access to amenities like Carrier Park and the Asheville Hockey League, while shopping centers like the Asheville Mall provide a hub for retail activity. Specialty properties, such as the Biltmore Estate, offer a unique blend of history and culture, while hotels like the Omni Grove Park Inn provide luxurious accommodations for visitors. With its diverse range of property types and amenities, Asheville is an attractive location for investors looking to tap into the city's thriving economy.
What is the average cost per square foot for a restaurant in Asheville?
The average cost per square foot for a restaurant in Asheville is $656 USD per square feet, with an average size of 7,937 square feet and a largest size of 22,615 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this popular tourist destination.
What factors determine the value of a restaurant for sale in Asheville?
The value of a restaurant for sale in Asheville is determined by a combination of factors, including:
- Location, with proximity to popular attractions like the Biltmore Estate and downtown Asheville, as well as accessibility to major roadways like Interstate 40 and Interstate 240, being highly desirable;
- The restaurant's size, with an average size of 7,937 square feet, and a maximum size of 22,615 square feet, affecting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $656 USD and an average cap rate of 3.98%, which can impact the restaurant's profitability and attractiveness to potential buyers.
