Aurora, Colorado, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse population. With 8 restaurants for sale, Aurora offers a range of investment opportunities in the food industry. Restaurants in Aurora can represent a variety of investments, from casual eateries to fine dining establishments, catering to the city's diverse population. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, the Anschutz Medical Campus, which includes the University of Colorado Hospital and the Children's Hospital, attracts a large number of medical professionals and students who frequent local restaurants. Additionally, the city's over 100 parks, six municipal golf courses, and sports facilities like the Aurora Sports Park provide a unique opportunity for restaurants to cater to outdoor enthusiasts and sports fans. The city's proximity to Denver International Airport and its connection to the Regional Transportation District's light rail transit system also make it an attractive location for restaurants.
Aurora's restaurants are situated in a city that boasts a rich history, significant military presence, and a diverse population. The city's economy is driven by public and private employers, including notable corporations like Lockheed Martin Corporation, Staples Inc., and United Natural Foods. In addition to restaurants, Aurora also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's apartment buildings offer a range of investment opportunities, from luxury apartments to affordable housing options. Shopping centers like the Town Center at Aurora and The Gardens on Havana provide a platform for retailers to cater to the city's diverse population. Specialty properties, such as the Aurora History Museum and the Aurora Fox Theatre & Arts Center, offer a unique opportunity for investors to capitalize on the city's cultural scene. Hotels in Aurora, like those near Denver International Airport, cater to the city's growing tourism industry. Overall, Aurora's diverse economy and range of investment opportunities make it an attractive destination for investors seeking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Aurora?
The average cost per square foot for a restaurant in Aurora is $784 USD per square foot, with an average size of 5,625 square feet and a largest size of 11,329 square feet, among the 8 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Aurora?
The value of a restaurant for sale in Aurora is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like Interstate 70, Interstate 225, and the E-470 beltway, as well as access to the Regional Transportation District's light rail transit system, being a significant advantage;
- The size and condition of the property, with an average size of 5,625 square feet and an average price per square foot of $784 USD, as well as the overall condition and age of the building;
- The restaurant's financial performance, including its average cap rate of 5.75%, revenue, and profitability, as well as the quality of its management and staff.
With 8 available listings of restaurants for sale in Aurora, understanding these factors is crucial for buyers and sellers to determine a fair market value.
