Doral, Florida, is a prime location for investing in restaurants, with its strategic location near Miami International Airport and Downtown Miami. Restaurants in Doral offer a unique opportunity for investors to capitalize on the city's diverse economy and growing population of approximately 75,000 residents. As a hub for business activity in South Florida, Doral is home to the headquarters of notable companies like Carnival Cruise Lines, Ryder, and Univision, making it an attractive location for restaurants catering to professionals and travelers. The city's infrastructure, including the Doral Police Department, Miami-Dade Fire Rescue Department's headquarters, and the City of Doral Trolley system, provides a safe and convenient environment for businesses to operate. Additionally, Doral's proximity to major transportation facilities like the Ronald Reagan Turnpike and the Palmetto Expressway makes it easily accessible to customers from surrounding areas. With its diverse economy, growing population, and convenient location, Doral is an ideal place to invest in a restaurant.
Currently, there are 2 restaurants for sale in Doral, offering a range of investment opportunities. These restaurants vary in size, with an average size of 8,787 square feet and a largest size of 15,314 square feet. The average price per square foot for restaurants in Doral is $668 USD, and the average cap rate is 5.78%. In addition to restaurants, Doral also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Doral offer a range of investment options, from luxury high-rise buildings to affordable housing complexes. Shopping centers in Doral provide a convenient location for retailers, with easy access to major highways and a growing population of consumers. Specialty properties, such as office buildings and warehouses, are also available in Doral, offering investors a range of options for their business needs. Hotels in Doral cater to the city's growing tourism industry, providing a convenient location for travelers and business professionals. With its diverse range of investment opportunities, Doral is an attractive location for investors looking to capitalize on the city's growing economy.
What is the average cost per square foot for a restaurant in Doral?
The average cost per square foot for a restaurant in Doral is $668 USD per square foot, with an average size of 8,787 square feet and a largest size of 15,314 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Doral?
When evaluating the value of a restaurant for sale in Doral, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Miami International Airport and Downtown Miami, as well as accessibility to local amenities and attractions, impacting foot traffic and customer base;
- Size and layout, with an average size of 8,787 square feet and a maximum size of 15,314 square feet, influencing seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 5.78% and average price per square foot of $668 USD, which can indicate the restaurant's profitability and potential for growth.
