Fargo, North Dakota, is a prime location for investing in restaurants, with a strong economy and a growing population of around 120,000 residents. Restaurants in Fargo offer a unique opportunity for entrepreneurs and investors to capitalize on the city's steady growth, particularly in the south and southwest areas. With a diverse range of industries, including retail, healthcare, education, and industry, Fargo provides a solid foundation for restaurants to thrive. The city's infrastructure, including Hector International Airport, MATBUS bus service, and major highways, makes it an attractive location for businesses that rely on transportation and logistics. Additionally, Fargo is home to North Dakota State University, which brings a steady stream of students and faculty to the area, creating a built-in customer base for restaurants.
With 2 restaurants for sale in Fargo, investors have a wide range of options to choose from. From casual eateries to fine dining establishments, Fargo's restaurant scene offers something for everyone. The city's amenities, including the Fargodome, Newman Outdoor Field, and Reineke Fine Arts Center, make it an attractive location for restaurants that cater to event-goers and sports fans. In addition to restaurants, Fargo also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the West Acres Shopping Center is a prominent retail destination in the area, and North Dakota State University is a major research institution with a presence downtown. With its strong economy, growing population, and diverse range of industries, Fargo is an excellent location for investors looking to capitalize on the restaurant industry.
What is the average cost per square foot for a restaurant in Fargo?
The average cost per square foot for a restaurant in Fargo is $362 USD per square feet, with an average size of 3,484 square feet and a largest size of 3,956 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 Fargo?
When evaluating the value of a restaurant for sale in Fargo, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Hector International Airport and Interstate 29, as well as foot traffic in popular areas like Downtown Fargo and the West Acres Shopping Center, significantly impacting a restaurant's potential for success.
- The size and layout of the property, with an average size of 3,484 square feet and a maximum size of 3,956 square feet, influencing the restaurant's capacity and operational efficiency.
- Financial performance, including the average price per square foot of $362 USD and an average cap rate of 6%, which can indicate a restaurant's profitability and potential for growth.
