Danbury, Connecticut, located approximately 50 miles northeast of New York City, offers a unique opportunity for investors to tap into the city's growing restaurant scene. With 2 restaurants for sale, Danbury presents an attractive option for those looking to invest in a diverse range of dining establishments. Restaurants in Danbury can represent a variety of investments, from casual eateries to fine dining experiences, each catering to the city's diverse population of around 80,000 residents. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, Western Connecticut State University and Danbury Hospital are significant employers in the area, ensuring a steady stream of customers. The city's transportation infrastructure, including Interstate 84 and U.S. Route 7, makes it easily accessible to visitors from surrounding areas. Additionally, Danbury's cultural attractions, such as the Danbury Fair Mall and the Danbury Public Library, draw visitors from across the region. With its rich history, diverse community, and strong economy, Danbury is an excellent place to invest in a restaurant.
Restaurants in Danbury are part of a larger commercial landscape that includes 2 listings. The city's diverse economy is also home to apartment buildings, shopping centers, specialty properties, and hotels, each offering unique investment opportunities. For example, apartment buildings in Danbury offer a chance to invest in the city's growing residential market, while shopping centers provide a platform for retailers to tap into the local consumer base. Specialty properties, such as office buildings and warehouses, cater to the city's diverse range of industries, including healthcare, education, and transportation. Hotels in Danbury, meanwhile, offer a chance to capitalize on the city's tourism industry, which is driven by attractions like the Danbury Fair Mall and the Danbury Ice Arena. Overall, Danbury's diverse commercial landscape presents a range of investment opportunities for those looking to tap into the city's growing economy.
What is the average cost per square foot for a restaurant in Danbury?
According to current listings, the average cost per square foot for a restaurant in Danbury is $337 USD per square foot, with available listings totaling 2 and average restaurant sizes ranging from 9,115 square feet to 11,986 square feet.
What factors determine the value of a restaurant for sale in Danbury?
The value of a restaurant for sale in Danbury is determined by a combination of factors, including:
- the average price per square foot, which is currently $337 USD per square foot, and the average size of the restaurant, which is approximately 9,115 square feet;
- the average cap rate, which is currently 5%, and the potential for return on investment;
- the location and accessibility of the restaurant, with proximity to major highways like Interstate 84 and U.S. Route 7, as well as public transportation options like the Danbury branch line of the MTA Metro-North Railroad, being important considerations.
