Clarksville, Tennessee, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse industries. With 3 restaurants for sale, Clarksville offers a range of investment opportunities in the food service sector. Restaurants can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to different demographics and tastes. Clarksville's strategic location, infrastructure, and amenities make it an ideal place to invest in a restaurant. The city is home to Austin Peay State University, Fort Campbell, and several major corporations, including Amazon and Google, which attract a diverse population of students, military personnel, and professionals. Additionally, Clarksville's geography, with its proximity to the Cumberland River and the Tennessee-Kentucky state line, provides a unique setting for restaurants to thrive. The city's strong educational system, with 39 public schools, and its well-connected roads and highways, including U.S. Route 41A and Interstate 24, also contribute to its appeal as a place to do business.
Clarksville's restaurant scene is part of a larger economic landscape that includes industries such as distribution, manufacturing, technology, and services. The city is also home to a range of other property types, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can find apartment buildings near Austin Peay State University, shopping centers along Wilma Rudolph Boulevard, and specialty properties in the downtown area. Hotels are also available, catering to the city's tourism industry, which is supported by attractions like the Roxy Theatre, Customs House Museum and Cultural Center, and Liberty Park and Marina. With its diverse economy and range of investment opportunities, Clarksville is an attractive destination for investors seeking to capitalize on the city's growth and potential.
What is the average cost per square foot for a restaurant in Clarksville?
For those interested in purchasing a restaurant in Clarksville, the average cost per square foot is $903 USD per square feet, with available listings totaling 3 and average restaurant sizes ranging from 3,595 square feet to 6,355 square feet.
What factors determine the value of a restaurant for sale in Clarksville?
When evaluating the value of a restaurant for sale in Clarksville, several key factors come into play, including:
- Location, with proximity to major roads and highways like U.S. Route 41A, Interstate 24, and State Route 12, as well as access to local amenities like Governor's Square Mall and the Clarksville City Arboretum, playing a significant role in determining value.
- The average price per square foot, currently at $903 USD, and the average size of 3,595 square feet, which can impact the overall value of the restaurant.
- The average cap rate, currently at 5.92%, which can influence the value of the restaurant based on its potential for generating income.
