Fort Wayne, Indiana, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse range of industries. With a metropolitan area population of over 400,000 people, Fort Wayne offers a sizable market for businesses to thrive. Restaurants, in particular, are a popular investment option, providing a unique opportunity to tap into the local food scene and cater to the city's residents and visitors. Whether you're looking to invest in a casual eatery, fine dining establishment, or specialty restaurant, Fort Wayne's diverse demographics and growing economy make it an ideal location. The city's amenities, including healthcare facilities, parks, and recreational opportunities, also contribute to its appeal, making it an attractive place to live, work, and visit. Additionally, Fort Wayne's location, situated 18 miles west of Ohio and 50 miles south of Michigan, provides easy access to major transportation routes, further enhancing its appeal as a business hub.
Fort Wayne's restaurant scene is characterized by its diversity, with a range of establishments serving everything from classic American comfort food to international cuisine. With 15 restaurants for sale in Fort Wayne, investors have a wide range of options to choose from. The average price per square foot for restaurants in Fort Wayne is $347 USD, with an average size of 13,078 square feet. The largest restaurant available for sale spans 101,442 square feet, offering ample space for entrepreneurs to bring their vision to life. In addition to restaurants, Fort Wayne also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, for example, offer a unique opportunity to capitalize on the growing demand for rental properties, while shopping centers provide a chance to invest in the city's thriving retail sector. Specialty properties, such as office buildings and warehouses, are also available, offering investors a chance to diversify their portfolios. Meanwhile, hotels in Fort Wayne cater to the city's growing tourism industry, providing a lucrative opportunity for investors. Overall, Fort Wayne's diverse range of investment opportunities makes it an attractive destination for entrepreneurs and investors alike.
What is the average cost per square foot for a restaurant in Fort Wayne?
The average cost per square foot for a restaurant in Fort Wayne is $347 USD per square feet, with an average size of 13,078 square feet and a largest size of 101,442 square feet among the 15 available listings.
What factors determine the value of a restaurant for sale in Fort Wayne?
The value of a restaurant for sale in Fort Wayne is determined by several factors, including:
- Location, with proximity to major transportation routes, such as Interstate 69 and US Routes 24, 27, 30, and 33, and accessibility to the city's 400,000-plus population, being key considerations.
- The restaurant's size, with the average size of available listings being 13,078 square feet, and the largest size being 101,442 square feet, influencing the value.
- Financial performance, including the average cap rate of 5.99%, and the average price per square foot of $347 USD, which can impact the restaurant's overall value.
