Restaurants for sale in Davenport, Iowa, offer a unique investment opportunity in a city with a rich history and diverse economy. As the largest of the Quad Cities metropolitan area, Davenport boasts a population of around 100,000 people, providing a sizable customer base for restaurant owners. Restaurants in Davenport can represent a range of investments, from casual eateries to fine dining establishments, and can cater to the city's growing population of students, professionals, and families. With its strong infrastructure, including three interstates and two major US highways, Davenport is an attractive location for restaurants that can draw in customers from surrounding areas. The city's amenities, such as the Figge Art Museum, Putnam Museum, and Modern Woodmen Park, also make it an ideal location for restaurants that can capitalize on the city's cultural and entertainment scene. Additionally, Davenport is home to several major employers, including John Deere, Genesis Health System, and Hy-Vee, providing a steady stream of potential customers.
With 3 restaurants for sale in Davenport, investors have a range of options to choose from. The city's diverse economy, which includes manufacturing, healthcare, and education, ensures a steady demand for restaurants that can cater to different tastes and preferences. In addition to restaurants, Davenport also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels, each with its own unique characteristics and advantages. For example, apartment buildings in Davenport can capitalize on the city's growing student population, while shopping centers can benefit from the city's strong retail sector. Specialty properties, such as those near the Mississippi River, can offer unique amenities and attractions, while hotels can cater to the city's growing tourism industry. Overall, Davenport offers a range of investment opportunities for those looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Davenport?
The average cost per square foot for a restaurant in Davenport is $375 USD per square foot, with an average size of 9,501 square feet and a largest size available of 19,565 square feet, among the 3 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Davenport?
The value of a restaurant for sale in Davenport is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs, such as Interstate 80 and the Quad City International Airport, and access to a large customer base, like the approximately 101,724 people living in Davenport, being highly desirable;
- Financial performance, including the average price per square foot of $375 USD, average size of 9,501 square feet, and average cap rate of 7.04%, which can impact the restaurant's profitability and attractiveness to potential buyers;
- Local amenities and attractions, such as the Figge Art Museum, River Music Experience, and Modern Woodmen Park, which can drive foot traffic and increase the restaurant's visibility and appeal.
