Clifton, New Jersey, offers a unique opportunity for investors to tap into the city's diverse economy and growing population of around 90,000 residents. Restaurants for sale in Clifton present a lucrative investment opportunity, as the city's strategic location and excellent transportation infrastructure make it an attractive destination for both locals and tourists. With a range of restaurants already established in the area, investors can choose from various concepts and cuisines to suit their business goals. Clifton's proximity to New York City, coupled with its own rich history and cultural attractions, ensures a steady stream of customers. The city's amenities, including the Clifton Public Library and the Clifton Arts Center and Sculpture Park, also contribute to its appeal. Additionally, the presence of major corporations like City Green Farm Eco Center, Richfield Farms, and Ploch's Farm further enhances the city's economic landscape.
With 6 restaurants for sale in Clifton, investors have a wide range of options to choose from. In addition to restaurants, Clifton also offers opportunities to invest in apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Clifton provide a steady income stream, while shopping centers offer a diverse range of retail opportunities. Specialty properties, such as those near the Clifton station or Delawanna station, can capitalize on the city's transportation infrastructure. Hotels in Clifton, meanwhile, can cater to the city's growing tourist population. Overall, Clifton's diverse economy and infrastructure make it an attractive destination for investors looking to expand their portfolio.
What is the average cost per square foot for a restaurant in Clifton?
The average cost per square foot for a restaurant in Clifton is $433 USD per square foot, with an average size of 3,206 square feet and a largest size available of 4,500 square feet, among the 6 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Clifton?
When evaluating the value of a restaurant for sale in Clifton, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Route 3, Route 46, and NJ Transit train stations, as well as accessibility to a large customer base, being crucial;
- The restaurant's size, with an average size of 3,206 square feet, and a maximum size of 4,500 square feet, influencing its value;
- Financial performance, including the average cap rate of 8% and the average price per square foot of $433 USD, which can impact the restaurant's overall value.
