Columbus, Ohio, is a prime location for investing in restaurants, with a diverse economy and a strong presence of key institutions such as the Battelle Memorial Institute, Chemical Abstracts Service, and the Ohio State University. Restaurants in Columbus offer a unique investment opportunity, representing a range of cuisines and dining experiences that cater to the city's diverse population. From casual eateries to fine dining establishments, restaurants in Columbus provide a great way to tap into the city's growing food scene. With amenities like the Columbus Zoo and Aquarium, numerous city parks, and a rich cultural landscape, Columbus is an attractive location for both residents and visitors. The city's infrastructure, including major highways like Interstate 70 and Interstate 71, and airports like John Glenn Columbus International Airport and Rickenbacker International Airport, makes it easily accessible and convenient for business and travel. Columbus is also home to several Fortune 500 companies, including Alliance Data, Nationwide Mutual Insurance Company, and American Electric Power, which contributes to the city's strong economy.
With 19 restaurants for sale in Columbus, investors have a wide range of options to choose from. In addition to restaurants, Columbus also offers a variety of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, for example, offer a great way to tap into the growing demand for housing, while shopping centers provide a unique opportunity to invest in retail space. Specialty properties, such as office buildings and warehouses, cater to the city's diverse economy, and hotels offer a great way to capitalize on the city's growing tourism industry. With its diverse economy, strong infrastructure, and rich cultural landscape, Columbus is an attractive location for investors looking to diversify their portfolio. Whether you're looking to invest in a restaurant, apartment building, or hotel, Columbus has something to offer.
What is the average cost per square foot for a restaurant in Columbus?
The average cost per square foot for a restaurant in Columbus is $589 USD per square foot, with an average size of 8,779 square feet and a largest size of 40,885 square feet, among the 19 available listings of restaurants for sale in the city.
What factors determine the value of a restaurant for sale in Columbus?
The value of a restaurant for sale in Columbus is determined by a combination of factors, including:
- Location, with proximity to major highways, universities, and attractions like the Columbus Zoo and Aquarium, as well as the demographics of the surrounding area, influencing foot traffic and customer base;
- The restaurant's physical characteristics, such as its 8,779 square feet, condition, and amenities, like outdoor seating or a full bar, which impact operational efficiency and customer experience;
- Financial performance, including the restaurant's average cap rate of 6.51%, sales data, and profit margins, which indicate its potential for future success and return on investment.
Currently, there are 19 restaurants for sale in Columbus, with an average price per square foot of $589 USD and a largest available size of 40,885 square feet.
