Auburn, Alabama, is a historic college town that offers a unique investment opportunity in the restaurant industry. With a strong presence of Auburn University, the city attracts a diverse population of students, faculty, and staff, creating a demand for various dining options. Restaurants in Auburn can represent a range of investments, from casual eateries to fine dining establishments, catering to different tastes and preferences. The city's amenities, such as the Jule Collins Smith Museum of Fine Art, the Telfair Peet Theatre, and Chewacla State Park, make it an attractive location for restaurants to thrive. Additionally, Auburn's location near major highways and its proximity to the Hartsfield-Jackson Atlanta International Airport and the Birmingham-Shuttlesworth International Airport make it an ideal spot for restaurants to serve both locals and visitors. The city's economy, driven by education and sports, provides a stable foundation for restaurants to succeed. With over 30,000 students and a growing population, Auburn is an excellent place to invest in a restaurant, with attractions like Jordan-Hare Stadium and the Auburn University Regional Airport drawing in visitors from across the country.
Auburn's restaurant scene is part of a larger economic landscape that includes various property types, such as apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Auburn offer a range of options for students and young professionals, with many complexes located near the university. Shopping centers, like the Auburn Mall, provide a hub for retail and dining options, while specialty properties, such as the Auburn University Regional Airport, serve specific needs. Hotels, like the Hotel at Auburn University, cater to visitors and offer amenities like conference spaces and restaurants. With 3 restaurants for sale in Auburn, investors can find opportunities to suit their needs, from small eateries to large establishments. The average price per square foot for restaurants in Auburn is $770 USD, with an average size of 3,555 square feet and a largest size of 6,048 square feet. The average cap rate for restaurants in Auburn is 5%. Overall, Auburn's restaurant scene is a vital part of the city's economy, offering a range of investment opportunities for those looking to capitalize on the city's growth and popularity.
What is the average cost per square foot for a restaurant in Auburn?
The average cost per square foot for a restaurant in Auburn is $770 USD per square foot, with an average size of 3,555 square feet and a largest size available of 6,048 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 Auburn?
When evaluating the value of a restaurant for sale in Auburn, several key factors come into play, including:
- Location, with proximity to Auburn University and major highways like Interstate 85, US 29, and US 280 being highly desirable;
- The restaurant's size, with an average size of 3,555 square feet, and a maximum size of 6,048 square feet, affecting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $770 USD and an average cap rate of 5%, which can impact the restaurant's profitability and attractiveness to potential buyers.
