Downey, California, offers a unique opportunity for investors to capitalize on the city's rich history, diverse economy, and strategic location. Restaurants for sale in Downey present an attractive investment option, given the city's strong presence in the aerospace and manufacturing industries, as well as its growing healthcare sector. With a range of restaurants available, from casual eateries to fine dining establishments, investors can choose from a variety of options to suit their investment goals. Downey's amenities, including the Whittier Health Center, Downey City Library, and Downey Post Office, make it an attractive location for businesses and residents alike. The city's proximity to major transportation facilities, such as I-105, I-5, I-605, and I-710 freeways, as well as the Metro C Line, ensures easy access to surrounding cities and attractions. Additionally, Downey's educational institutions, including Downey Unified School District and private schools like Calvary Chapel Christian School and St. Pius X-Matthias Academy, contribute to the city's strong sense of community.
With 4 restaurants for sale in Downey, investors have a range of options to choose from. The city's aerospace legacy, combined with its diverse economy and strong infrastructure, make it an attractive location for businesses. In addition to restaurants, Downey also offers apartment buildings, shopping centers, specialty properties, and hotels for sale, providing investors with a range of opportunities to diversify their portfolios. Apartment buildings in Downey offer a stable source of income, while shopping centers provide a hub for local commerce. Specialty properties, such as the Columbia Memorial Space Center, offer a unique investment opportunity, and hotels cater to the city's growing tourism industry. Overall, Downey presents a compelling investment opportunity, with its rich history, diverse economy, and strong infrastructure making it an attractive location for businesses and investors alike.
What is the average cost per square foot for a restaurant in Downey?
The average cost per square foot for a restaurant in Downey is $692 USD per square foot, with an average size of 5,352 square feet and a largest size of 7,394 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this historic city with a rich aerospace legacy and diverse economy.
What factors determine the value of a restaurant for sale in Downey?
The value of a restaurant for sale in Downey is determined by a combination of factors, including:
- Location, with proximity to major transportation facilities like I-105, I-5, I-605, and I-710 freeways, as well as the Metro C Line with the Lakewood Boulevard station, and local bus services like DowneyLINK, impacting foot traffic and accessibility;
- Size and layout, with average restaurant sizes in Downey being around 5,352 square feet, and larger spaces like 7,394 square feet commanding higher prices;
- Financial performance, including average cap rates of 4.37% and sales prices per square foot of $692 USD, which can vary depending on the type of cuisine, target market, and overall profitability of the business.
