Cape Coral, Florida, is a prime location for investing in restaurants, with its growing population of approximately 190,000 residents and a strong economy driven by healthcare services, retail, and real estate/construction. Restaurants in Cape Coral offer a unique opportunity for entrepreneurs to capitalize on the city's extensive waterways, tropical savanna climate, and abundant sunshine. With over 400 miles of navigable canals, Cape Coral provides a distinctive setting for waterfront dining and entertainment. The city's infrastructure, including the Cape Coral Bridge and Midpoint Memorial Bridge, ensures easy access to the Gulf of Mexico and surrounding areas. Additionally, Cape Coral is home to institutions like Florida SouthWestern State College and Florida Gulf Coast University, providing a steady stream of potential customers. The city's amenities, such as SunSplash Water Park and the Four Mile Cove Ecological Preserve, make it an attractive destination for tourists and locals alike.
With 7 restaurants for sale in Cape Coral, there are numerous opportunities to invest in this lucrative market. Restaurants in Cape Coral can range in size from 8,146 square feet to 17,565 square feet, offering a variety of options for entrepreneurs. The average price per square foot for restaurants in Cape Coral is $690 USD, making it an attractive investment opportunity. In addition to restaurants, Cape Coral also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Cape Coral provide a stable source of income, while shopping centers offer a diverse range of retail opportunities. Specialty properties, like those near the Cape Coral Hospital or Gulf Coast Medical Center, cater to specific industries, and hotels, such as those near the Southwest Florida International Airport, serve the city's growing tourism industry. Overall, Cape Coral presents a unique blend of opportunities for entrepreneurs and investors looking to capitalize on its growing economy and desirable location.
What is the average cost per square foot for a restaurant in Cape Coral?
The average cost per square foot for a restaurant in Cape Coral is $690 USD per square foot, with an average size of 8,146 square feet and a largest size of 17,565 square feet, among the 7 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Cape Coral?
The value of a restaurant for sale in Cape Coral is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like Interstate 75 and U.S. Highway 41, as well as access to the city's extensive canal system and waterfront areas, being highly desirable;
- The restaurant's size, with an average size of 8,146 square feet, and a maximum size of 17,565 square feet, influencing its value;
- Financial performance, including the average cap rate of 5.5%, and the average price per square foot of $690 USD, which can impact the restaurant's overall value and attractiveness to potential buyers.
