Restaurants for sale in El Monte offer a unique opportunity for investors to tap into the city's rich cultural heritage and diverse neighborhoods. As a hub for banking and finance, education, transportation, and health services, El Monte provides a strong foundation for restaurants to thrive. With its Mediterranean climate and proximity to Los Angeles, El Monte is an attractive location for restaurants that cater to the local community and visitors alike. The city's infrastructure, including the El Monte Police Department, Los Angeles County Fire Department, and Metro's J Line, ensures a safe and accessible environment for businesses to operate. Additionally, the presence of institutions like Cathay Bank and the El Monte Comprehensive Health and Mammography Center demonstrates the city's commitment to supporting local businesses. With 8 restaurants for sale in El Monte, investors have a range of options to choose from, each with its unique characteristics and potential for growth.
El Monte's restaurants are an integral part of the city's fabric, offering a diverse range of cuisines and dining experiences. The city's location in the San Gabriel Valley, east of Los Angeles, makes it an attractive destination for foodies and families alike. In addition to restaurants, El Monte is home to a range of other property types, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of options for residents, from luxury complexes to affordable housing. Shopping centers like the El Monte Shopping Center provide a convenient location for residents to shop and dine. Specialty properties, such as the El Monte Legion Stadium, offer unique opportunities for businesses and events. Hotels, like the Hampton Inn & Suites, cater to visitors and business travelers. With its diverse range of property types, El Monte is an attractive location for investors and businesses alike.
What is the average cost per square foot for a restaurant in El Monte?
Currently, there are 8 available listings of restaurants for sale in El Monte, and the average cost per square foot for a restaurant in this area is $1,467 USD, with an average size of 12,243 square feet and a largest size of 44,805 square feet, offering a promising opportunity for entrepreneurs and investors alike.
What factors determine the value of a restaurant for sale in El Monte?
The value of a restaurant for sale in El Monte is determined by several key factors, including:
- the average price per square foot, which is currently $1,467 USD, and the average size of the restaurant, which is approximately 12,243 square feet;
- the average cap rate, which is 5.1%, and the potential for return on investment;
- the location and accessibility of the restaurant, with proximity to major transportation facilities such as Interstate 10, Metrolink's San Bernardino Line, and Metro's J Line, as well as the presence of local amenities like the Monrovia Health Center and the El Monte Comprehensive Health and Mammography Center.
