Glendale, California, a city situated in the San Fernando Valley and Verdugo Mountains regions of Los Angeles County, offers a unique opportunity for investors to tap into the lucrative restaurant industry. With 1 restaurants currently for sale, Glendale presents an attractive option for those looking to invest in a thriving food scene. Restaurants in Glendale can represent a diverse range of investments, from casual eateries to fine dining establishments, each catering to the city's approximately 200,000 residents and visitors. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, Glendale is home to the Glendale Galleria, a major shopping mall that attracts visitors from across the region, and the city is also close to several institutions, including Glendale Community College and the University of Southern California (USC) Verdugo Hills Hospital. Additionally, Glendale's proximity to Los Angeles and its numerous attractions, such as the Griffith Observatory and the Los Angeles Zoo, make it a popular destination for tourists and locals alike.
Glendale's restaurant scene is characterized by its diversity, with a range of cuisines and dining options available. The city's restaurants benefit from its location, with easy access to major transportation hubs, including the Glendale Freeway and the Glendale Transportation Center, which connects to Metrolink and Amtrak trains. In addition to restaurants, Glendale is also home to a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's apartment buildings offer a range of options for residents, from luxury complexes to affordable housing. Shopping centers, such as the Glendale Galleria, provide a hub for retail activity, while specialty properties, like the Museum of Neon Art, offer unique attractions. Hotels, including the Hilton Los Angeles North/Glendale, cater to visitors and business travelers alike. Overall, Glendale's diverse range of commercial properties makes it an attractive option for investors looking to tap into the city's growing economy.
What is the average cost per square foot for a restaurant in Glendale?
The average cost per square foot for a restaurant in Glendale is per square foot, with an average size of 2,100 square feet and a largest size available of 2,100 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Glendale?
The value of a restaurant for sale in Glendale is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Glendale Transportation Center, and accessibility to nearby neighborhoods and cities, such as Burbank and Pasadena, playing a significant role;
- The restaurant's size, with an average size of 2,100 square feet, and a maximum size of 2,100 square feet, influencing the value;
- Economic indicators, such as the average price per square foot of , and the average cap rate of , which impact the restaurant's profitability and desirability.
