Greenville, North Carolina, is a prime location for investing in restaurants, with 1 available listings for sale. As the health, entertainment, and educational hub of North Carolina's Tidewater and Coastal Plain regions, Greenville offers a unique blend of amenities, infrastructure, and demographics that make it an attractive spot for restaurateurs. Restaurants in Greenville can represent a range of investments, from casual eateries to fine dining establishments, and can cater to the diverse tastes of the city's residents, students, and visitors. With East Carolina University and ECU Health Medical Center driving growth and development, Greenville's restaurants can benefit from the steady stream of new faces and the city's strong economy. The city's amenities, such as the Tar River greenway and the Uptown area, provide a unique setting for restaurants to thrive. Additionally, Greenville's location near major transportation hubs, including the Pitt-Greenville Airport and the G.K. Butterfield Transportation Center, makes it an ideal spot for restaurants to attract visitors from across the region.
Greenville's restaurant scene is just one aspect of the city's diverse economy, which is also driven by health care, education, and manufacturing. With major companies like Grady-White Boats, Hyster-Yale Group, Thermo Fisher Scientific, and Denso calling Greenville home, the city offers a strong foundation for businesses to grow. In addition to restaurants, investors can explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels, each with its own unique advantages in Greenville's market. For example, apartment buildings can capitalize on the city's growing student population, while shopping centers can benefit from the influx of visitors to the Uptown area. Specialty properties, such as those near the Pitt-Greenville Airport, can cater to travelers and business professionals, and hotels can offer accommodations for visitors to the city's many attractions. With its strong economy, diverse amenities, and growing population, Greenville is an attractive location for investors looking to make a smart move in the restaurant industry.
What is the average cost per square foot for a restaurant in Greenville?
The average cost per square foot for a restaurant in Greenville is $554 USD per square feet, with an average size of 2,860 square feet and a largest size of 2,860 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this growing city, close to major employers like ECU Health and East Carolina University, and with access to key infrastructure components like the Pitt-Greenville Airport and the G.K. Butterfield Transportation Center.
What factors determine the value of a restaurant for sale in Greenville?
When evaluating the value of a restaurant for sale in Greenville, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the G.K. Butterfield Transportation Center and Pitt-Greenville Airport, as well as access to the Tar River and greenway system, being highly desirable;
- The size and condition of the property, with an average size of 2,860 square feet and a largest size of 2,860 square feet, influencing the overall value;
- The financial performance of the business, including the average cap rate of 5.5% and the average price per square foot of $554 USD, which can impact the sale price.
