Gresham, Oregon, a city located in Multnomah County, offers a unique opportunity for investors to capitalize on the growing demand for restaurants. With a population of approximately 110,000 people, Gresham provides a diverse customer base for restaurants, from families to young professionals. Restaurants in Gresham can represent a variety of investments, including casual dining, fine dining, and quick-service establishments. The city's amenities, infrastructure, location, education, and geography make it an attractive place to invest in a restaurant. For instance, Gresham is home to Mount Hood Community College, which attracts students and faculty who frequent local eateries. The city's proximity to Portland and its location along Interstate 84 and U.S. Route 26 also make it an ideal spot for restaurants catering to travelers and commuters. Additionally, Gresham's parks and recreation facilities, such as Main City Park and the Springwater Corridor, provide a pleasant atmosphere for outdoor dining and entertainment. Overall, Gresham is a great place for business and travel, with attractions like the Gresham Pioneer Cemetery and the Rockwood/East 188th Avenue MAX station.
Gresham's restaurant scene is characterized by its diversity and accessibility. With 1 restaurants for sale, investors have a range of options to choose from. In addition to restaurants, Gresham also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's apartment buildings, like those near Mount Hood Community College, provide a steady stream of potential customers for nearby restaurants. Shopping centers, like the ones along U.S. Route 26, offer a convenient location for restaurants and other businesses. Specialty properties, such as those in the downtown Gresham district, provide a unique atmosphere for restaurants and other establishments. Hotels, like those near Interstate 84, cater to travelers and commuters, offering a potential customer base for nearby restaurants. Overall, Gresham's diverse range of investment opportunities and amenities make it an attractive place to invest in a restaurant or other business.
What is the average cost per square foot for a restaurant in Gresham?
The average cost per square foot for a restaurant in Gresham is $570 USD per square feet, with an average size of 5,172 square feet and a largest size of 5,172 square feet, making it an attractive option for entrepreneurs looking to establish a food business in this city of around 110,000 people, with its mix of flat areas and hills, and a Mediterranean climate.
What factors determine the value of a restaurant for sale in Gresham?
When evaluating the value of a restaurant for sale in Gresham, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 84 and U.S. Route 26, as well as foot traffic in areas like downtown Gresham and Rockwood, significantly impacting a restaurant's potential for success;
- The size and layout of the property, with an average size of 5,172 square feet and a maximum size of 5,172 square feet, influencing the restaurant's capacity and operational efficiency;
- The financial performance of the business, including the average cap rate of and the average price per square foot of $570 USD, which can indicate the restaurant's profitability and growth potential.
