Everett, Washington, located 25 miles north of Seattle, presents a unique opportunity for investors to capitalize on the city's diverse economy and growing population of around 110,000 residents. Restaurants for sale in Everett offer a promising investment opportunity, as the city's mix of aerospace manufacturing, maritime activities, technology, and service industries drives a strong demand for dining options. With a range of cuisines and dining experiences, restaurants in Everett can cater to the diverse tastes of locals and visitors alike, making them a valuable addition to the city's commercial landscape.
Everett's restaurants benefit from the city's strategic location, with easy access to major transportation hubs like Interstate 5, U.S. Route 2, and Paine Field airport. The city's infrastructure, including the Snohomish County Public Utility District and Puget Sound Energy, provides a reliable foundation for businesses to operate. Additionally, nearby attractions like the Future of Flight Aviation Center, the Flying Heritage & Combat Armor Museum, and the Imagine Children's Museum draw in visitors, creating a potential customer base for restaurants. Other property types available in Everett include Apartment Buildings, offering a range of residential options; Shopping Centers, providing retail spaces for various businesses; Specialty Properties, catering to specific industries or needs; and Hotels, accommodating visitors and travelers. With 1 restaurants for sale in Everett, investors have a diverse range of options to choose from, each with its unique characteristics and potential for growth.
What is the average cost per square foot for a restaurant in Everett?
The average cost per square foot for a restaurant in Everett is $1,434 USD per square foot, with an average size of 2,050 square feet and a largest size of 2,050 square feet, among the 1 available listings.
What factors determine the value of a restaurant for sale in Everett?
When evaluating the value of a restaurant for sale in Everett, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Everett Station and Paine Field, as well as access to amenities like Forest Park and the waterfront, impacting foot traffic and customer draw;
- Size and layout, with average restaurant sizes in Everett ranging from 2,050 square feet to 2,050 square feet, and the ability to accommodate a desired number of patrons and staff;
- Financial performance, including the average cap rate of 5% and the average price per square foot of $1,434 USD, which can influence the overall value of the restaurant.
