Concord, North Carolina, is a prime location for investing in restaurants, with 2 listings available for sale. The city's rich history, diverse economy, and strong infrastructure make it an attractive destination for businesses and tourists alike. Restaurants in Concord can represent a range of investments, from casual eateries to fine dining establishments, and can cater to the city's growing population of around 90,000 residents. Concord's amenities, such as the Cabarrus Arena & Events Center, West Cabarrus YMCA, and Rocky River Golf Club, make it an ideal location for restaurants that can capitalize on the city's event and recreational scenes. The city's geography, with its rolling hills and forests, also provides a unique setting for restaurants that can offer scenic views and outdoor dining experiences. Additionally, Concord's proximity to Charlotte and its international airport makes it an attractive location for restaurants that can cater to tourists and business travelers.
Concord's restaurant scene is just one aspect of the city's diverse economy, which also includes shipping and transportation, banking, manufacturing, motorsports, and various service sectors. The city is home to major corporations such as Atrium Health, Cabarrus County Schools, and ACN Inc., which provide a strong customer base for restaurants. In addition to restaurants, Concord also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Concord can offer a range of amenities, such as pool and fitness centers, and can cater to the city's growing population of young professionals and families. Shopping centers in Concord can provide a range of retail and dining options, and can capitalize on the city's strong retail sector. Specialty properties, such as office buildings and warehouses, can cater to the city's diverse economy and provide a range of investment opportunities. Hotels in Concord can offer a range of amenities, such as conference centers and restaurants, and can cater to the city's growing tourism industry. Overall, Concord offers a range of investment opportunities for those looking to invest in commercial properties.
What is the average cost per square foot for a restaurant in Concord?
The average cost per square foot for a restaurant in Concord is $679 USD per square feet, with an average size of 4,680 square feet and a largest size of 5,280 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Concord?
When evaluating the value of a restaurant for sale in Concord, several key factors come into play, including:
- Location, with proximity to major attractions like the Charlotte Motor Speedway and Concord Mills, as well as accessibility to main roads like Interstate 85 and US Highway 29, being highly desirable;
- The restaurant's physical characteristics, such as its average size of 4,680 square feet, and condition, which can impact its functionality and appeal;
- Financial performance, including the average cap rate of 6.38% and average price per square foot of $679 USD, which can indicate the restaurant's profitability and potential for growth.
