Flint, Michigan, is a city with a rich history in the automotive industry, making it an attractive location for investors looking to purchase a restaurant. With a diverse range of neighborhoods and a strong sense of community, Flint offers a unique opportunity for restaurateurs to establish a successful business. Restaurants in Flint can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to a range of clientele, including locals, students, and visitors. The city's amenities, such as the Flint River, parks, and cultural attractions, make it an attractive location for businesses that want to capitalize on the city's natural beauty and charm. Additionally, Flint's infrastructure, including its transportation systems and major highways, provides easy access to the city and surrounding areas. The presence of institutions like the University of Michigan-Flint and Kettering University also provides a steady stream of customers for restaurants. With its unique blend of history, culture, and natural beauty, Flint is an excellent location for restaurant owners looking to establish a successful business.
Currently, there are 4 restaurants for sale in Flint, offering a range of options for investors. The average price per square foot for these restaurants is $373 USD, with an average size of 2,708 square feet. The largest restaurant available is 5,413 square feet. In addition to restaurants, Flint also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Flint offer investors the opportunity to capitalize on the city's growing student population, while shopping centers provide a hub for retail activity. Specialty properties, such as office buildings and warehouses, can cater to the city's diverse range of businesses, and hotels can provide accommodations for visitors and travelers. Overall, Flint's commercial real estate market offers a range of opportunities for investors looking to establish a successful business in the city.
What is the average cost per square foot for a restaurant in Flint?
The average cost per square foot for a restaurant in Flint is $373 USD per square foot, with an average size of 2,708 square feet and a largest size available of 5,413 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Flint?
When evaluating the value of a restaurant for sale in Flint, several key factors come into play, including:
- Location, with proximity to major transportation hubs like I-69, I-75/US 23, and the Flint Mass Transportation Authority (MTA) hub, as well as access to local amenities and attractions, influencing foot traffic and customer base;
- Physical characteristics, such as the average size of 2,708 square feet, largest size of 5,413 square feet, and average price per square foot of $373 USD, which impact operational efficiency and profitability;
- Financial performance, including the average cap rate of 6%, which reflects the restaurant's potential return on investment and overall value.
