Baytown, Texas, is a prime location for investing in restaurants, with a strong economy driven by the oil industry and a growing population of around 80,000 residents. Restaurants in Baytown offer a unique opportunity for investors to capitalize on the city's rich history and cultural diversity. With a variety of cuisines and dining options available, restaurants in Baytown cater to a wide range of tastes and preferences. The city's infrastructure, including the Sterling Municipal Library, Baytown Police Department, and Baytown Fire Department, provides a solid foundation for businesses to thrive. Additionally, Baytown's proximity to Houston and its location on the Gulf coastal plain make it an attractive destination for tourists and locals alike. The city's educational institutions, such as Lee College, also contribute to a skilled and diverse workforce.
Currently, there are 11 restaurants for sale in Baytown, offering a range of investment opportunities. The average price per square foot for restaurants in Baytown is $230 USD, with an average size of 4,980 square feet. The largest restaurant available for sale is 11,100 square feet. In addition to restaurants, Baytown also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Baytown offer a stable source of income, while shopping centers provide a hub for retail activity. Specialty properties, such as office buildings and warehouses, cater to the city's growing industrial sector. Hotels in Baytown, meanwhile, offer a convenient option for tourists and business travelers. With its diverse economy and rich cultural heritage, Baytown is an attractive destination for investors looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Baytown?
The average cost per square foot for a restaurant in Baytown is $230 USD per square feet, with an average size of 4,980 square feet and a largest size of 11,100 square feet, among the 11 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Baytown?
When evaluating the value of a restaurant for sale in Baytown, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Baytown Park and Ride lot, State Highway 99, and Interstate 10, as well as accessibility to the city's main shopping areas, influencing foot traffic and customer accessibility.
- The restaurant's size, with an average size of 4,980 square feet, and a maximum size of 11,100 square feet, impacting seating capacity, operational efficiency, and overall value.
- Financial performance, including the average price per square foot of $230 USD, average cap rate of 6.73%, and the restaurant's revenue and profit margins, which can significantly impact its value and attractiveness to potential buyers.
