Elizabeth, New Jersey, offers a unique opportunity for investors to tap into the city's rich history and growing economy through its diverse range of restaurants for sale. With 2 restaurants available, investors can find the perfect fit for their business goals. Restaurants in Elizabeth represent a smart investment opportunity, as they cater to the city's diverse population and visitors drawn to its historic landmarks, cultural attractions, and convenient transportation hubs. The city's amenities, such as the Port Newark-Elizabeth Marine Terminal, Newark Liberty International Airport, and the Elizabeth Public Library, make it an attractive location for businesses and residents alike. Additionally, Elizabeth's geography, with its proximity to major roads and waterways, provides easy access to surrounding cities and global markets.
Restaurants in Elizabeth are part of a larger commercial landscape that includes apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of housing options, while shopping centers like The Mills At Jersey Gardens outlet mall provide a popular destination for locals and tourists. Specialty properties, such as the Loews Theater, add to the city's cultural and entertainment scene, and hotels cater to visitors drawn to Elizabeth's historic sites and business opportunities. With its diverse economy, rich history, and convenient location, Elizabeth is an attractive place to invest in a restaurant or other commercial property. The city's unique blend of old and new, from its historic districts to its modern amenities, makes it an ideal location for businesses to thrive.
What is the average cost per square foot for a restaurant in Elizabeth?
The average cost per square foot for a restaurant in Elizabeth is $377 USD per square feet, with an average size of 5,542 square feet and a largest size of 7,335 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Elizabeth?
The value of a restaurant for sale in Elizabeth is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport, as well as accessibility to major roads like the New Jersey Turnpike, Routes 1 and 9, and Routes 27 and 439, being highly desirable;
- The size and condition of the property, with an average size of 5,542 square feet and a largest size of 7,335 square feet, as well as the overall condition and age of the building;
- Financial performance, including the average cap rate of 7% and the average price per square foot of $377 USD, which can be influenced by factors like the restaurant's concept, management, and competition in the area.
Currently, there are 2 available listings of restaurants for sale in Elizabeth, offering a range of opportunities for buyers and investors.
