Boynton Beach, Florida, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of approximately 80,000 residents and a strong presence of local businesses, Boynton Beach is an attractive location for restaurateurs. Restaurants in Boynton Beach can cater to a diverse range of customers, from families and professionals to tourists and locals alike. The city's amenities, such as the Boynton Beach Mall and the arts district, provide a solid foundation for restaurants to thrive. Additionally, the city's infrastructure, including the Tri-Rail station and local bus services, makes it easily accessible for customers. The city's geography, with its proximity to the Intracoastal Waterway and the Atlantic Ocean, also provides a unique setting for waterfront restaurants. Furthermore, the city's educational institutions, such as Boynton Beach Community High School and Park Vista Community High School, contribute to a stable and growing population. The city's attractions, including the Schoolhouse Children's Museum & Learning Center and the Boynton Beach Mall, also draw visitors and locals alike, creating a steady stream of potential customers.
Boynton Beach is home to a variety of restaurants, from casual eateries to fine dining establishments. With 3 restaurants for sale in Boynton Beach, investors have a range of options to choose from. The average price per square foot for restaurants in Boynton Beach is $833 USD, and the average size of a restaurant is 5,546 square feet. The largest restaurant available for sale is 12,420 square feet. In addition to restaurants, Boynton Beach also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Boynton Beach offer a stable source of income, while shopping centers provide a hub for local businesses. Specialty properties, such as office buildings and warehouses, cater to the city's growing commercial sector. Hotels in Boynton Beach, such as those near the Boynton Beach Mall, offer a convenient location for tourists and business travelers. Overall, Boynton Beach presents a unique opportunity for investors to capitalize on the city's growing demand for restaurants and other commercial properties.
What is the average cost per square foot for a restaurant in Boynton Beach?
Currently, there are 3 available listings of restaurants for sale in Boynton Beach, with an average price per square foot of $833 USD and an average size of 5,546 square feet, offering investors and entrepreneurs a range of opportunities to establish or expand their culinary ventures in this city.
What factors determine the value of a restaurant for sale in Boynton Beach?
The value of a restaurant for sale in Boynton Beach is determined by a combination of factors, including:
- Location, with proximity to major transportation facilities like the Tri-Rail station and local bus services, as well as nearby amenities like the Boynton Beach Mall and arts district, contributing to foot traffic and accessibility;
- Physical characteristics, such as the average price per square foot of $833 USD, average size of 5,546 square feet, and largest size of 12,420 square feet, which impact operational efficiency and capacity;
- Financial performance, including the average cap rate of 6.6%, which reflects the restaurant's potential for generating revenue and profitability.
With 3 available listings of restaurants for sale in Boynton Beach, understanding these factors is crucial for buyers and sellers to determine a fair market value.
