Hampton, Virginia, with its rich history and diverse economy, offers a unique opportunity for investors to capitalize on the city's growth. Restaurants for sale in Hampton present an attractive investment option, given the city's strong tourism industry and growing population of approximately 140,000 residents. As a hub for education, research, and development, Hampton is home to institutions like Hampton University and NASA Langley Research Center, attracting visitors and locals alike. The city's infrastructure, including the Hampton Roads Bridge-Tunnel and the Monitor-Merrimac Memorial Bridge-Tunnel, provides easy access to neighboring cities and counties, making it an ideal location for businesses. With amenities like Sentara CarePlex Hospital and Riverside Regional Medical Center, as well as parks like Bluebird Gap Farm and Sandy Bottom Nature Park, Hampton offers a high quality of life, making it an attractive destination for residents and visitors. As a result, restaurants in Hampton can benefit from a steady stream of customers, making them a solid investment opportunity.
With 4 restaurants for sale in Hampton, investors have a range of options to choose from. From casual eateries to fine dining establishments, Hampton's restaurant scene is diverse and thriving. In addition to restaurants, Hampton also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Hampton offer a steady stream of rental income, while shopping centers provide a hub for local commerce. Specialty properties, such as those near Langley Air Force Base or NASA Langley Research Center, offer unique opportunities for investors. Meanwhile, hotels in Hampton cater to the city's growing tourism industry, providing a lucrative investment option. Overall, Hampton's diverse economy and growing population make it an attractive location for investors, with a range of opportunities to suit different investment strategies.
What is the average cost per square foot for a restaurant in Hampton?
The average cost per square foot for a restaurant in Hampton is $255 USD per square foot, with an average size of 5,028 square feet and a largest size available of 13,826 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Hampton?
When evaluating the value of a restaurant for sale in Hampton, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Hampton Roads Bridge–Tunnel and the Monitor–Merrimac Memorial Bridge–Tunnel, as well as popular attractions like the Virginia Air and Space Center, influencing foot traffic and accessibility;
- Size and layout, with the average restaurant size in Hampton being 5,028 square feet, and larger spaces like 13,826 square feet commanding higher prices;
- Financial performance, including the average cap rate of 14.34%, which can impact the overall value of the restaurant, as well as the average price per square foot of $255 USD, which can vary depending on the location and condition of the property.
