Frederick, Maryland, is a city with a rich history and a strong economy, making it an attractive location for investors looking to purchase a restaurant. With a diverse population of around 70,000 people, Frederick offers a unique blend of small-town charm and urban amenities, creating a great environment for restaurants to succeed. Restaurants in Frederick can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to a range of tastes and preferences. The city's amenities, such as Carroll Creek Park and the Community Bridge mural, make it an attractive destination for tourists and locals alike. Additionally, Frederick's proximity to Washington, D.C. and the presence of Fort Detrick, the largest employer in the area, provide a steady stream of customers for restaurants. With its mix of retail, dining, and technology businesses, downtown Frederick is a hub of activity, making it an ideal location for restaurants. Notable employers in Frederick, such as the National Cancer Institute's Frederick National Laboratory for Cancer Research and Charles River Labs, also contribute to the city's strong economy.
Currently, there are 2 restaurants for sale in Frederick, offering a range of opportunities for investors. The average price per square foot for restaurants in Frederick is $214 USD, and the average size of a restaurant is 8,552 square feet. The largest restaurant available is 14,776 square feet. In addition to restaurants, Frederick also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Frederick offer a great opportunity for investors looking to capitalize on the city's growing population. Shopping centers, such as the ones located along US-15, provide a convenient location for retailers and restaurants. Specialty properties, like the ones found in the downtown area, offer a unique blend of character and charm. Hotels, such as those located near the Frederick Municipal Airport, cater to the city's tourism industry. With its diverse range of commercial properties, Frederick offers something for every type of investor.
What is the average cost per square foot for a restaurant in Frederick?
The average cost per square foot for a restaurant in Frederick is $214 USD per square foot, with an average size of 8,552 square feet and a largest size of 14,776 square feet, making it an attractive option for restaurateurs looking to establish a presence in this city.
What factors determine the value of a restaurant for sale in Frederick?
The value of a restaurant for sale in Frederick is determined by a combination of factors, including:
- Location, with proximity to major roads, such as I-70 and US 15, and high-traffic areas like downtown Frederick and Carroll Creek Park, being highly desirable;
- The restaurant's size, with an average size of 8,552 square feet, and a maximum size of 14,776 square feet, affecting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $214 USD and average cap rate of 7.24%, which can impact its profitability and attractiveness to potential buyers.
