Carmel, Indiana, is a prime location for investing in restaurants, with its growing population of nearly 100,000 residents and a strong economy driven by corporate office space and a concentration of over 40 corporate headquarters. Restaurants in Carmel offer a unique opportunity for entrepreneurs to capitalize on the city's amenities, infrastructure, and location. From family-friendly eateries to upscale dining experiences, restaurants can cater to the diverse tastes of Carmel's residents and visitors. The city's extensive network of roundabouts, scenic trails, and cultural attractions like the Carmel Monon Community Center, the Monon Trail, and the Arts & Design District create an inviting atmosphere for diners. Additionally, Carmel's proximity to Indianapolis and its major transportation facilities, including 96th Street, 106th Street, 116th Street, 126th Street, 131st Street, 136th Street, and 146th Street, make it an attractive location for restaurants looking to draw in customers from surrounding areas.
With 3 restaurants for sale in Carmel, investors have a range of options to choose from. From casual eateries to fine dining establishments, each restaurant offers a unique opportunity to tap into the city's growing food scene. In addition to restaurants, Carmel also offers a variety of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors may consider purchasing an apartment building near the Monon Trail or a shopping center in the heart of the Arts & Design District. Alternatively, they may opt for a specialty property like a hotel near the Carmel Monon Community Center or a restaurant in the Clay Terrace shopping area. Whatever the choice, Carmel's strong economy and desirable location make it an attractive destination for commercial investors.
What is the average cost per square foot for a restaurant in Carmel?
Currently, there are 3 available listings of restaurants for sale in Carmel, with an average price per square foot of $476 USD and an average size of 15,055 square feet, making it an attractive option for entrepreneurs and investors looking to capitalize on the city's growing food scene.
What factors determine the value of a restaurant for sale in Carmel?
When evaluating the value of a restaurant for sale in Carmel, several key factors come into play, including:
- Location, with proximity to major thoroughfares like Meridian Street (US 31) and Keystone Parkway (formerly Keystone Avenue/SR 431), as well as accessibility to local amenities like the Carmel Monon Community Center and the Monon Trail, significantly impacting foot traffic and customer base;
- Size and layout, with the average restaurant size in Carmel being 15,055 square feet, and the largest available space being 34,406 square feet, influencing seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 5.89%, which affects the restaurant's profitability, cash flow, and ultimately, its value, with a total of 3 available listings to consider.
