Hialeah, Florida, is an attractive destination for investors seeking to capitalize on the city's growing commercial sector. With a population of approximately 220,000, Hialeah offers a diverse range of investment opportunities, including restaurants. These establishments can cater to the local Hispanic community, which makes up a significant proportion of the population. Restaurants in Hialeah can represent a variety of investments, from casual eateries to fine dining establishments, and can be situated in busy commercial areas or near popular attractions like the historic Hialeah Park Race Track. The city's infrastructure, including the Miami-Dade College Hialeah Campus and the Hialeah public library system, provides a solid foundation for businesses to thrive. Additionally, the city's location, with easy access to major transportation facilities like Interstate 75 and State Road 826, makes it an ideal spot for restaurants to attract customers from surrounding areas. With amenities like tennis centers, swimming pools, and public parks, Hialeah is a great place for business and travel, with attractions like the Milander Center for Arts and Entertainment and the Amelia Earhart Park.
Hialeah's restaurant scene is a reflection of the city's cultural diversity, with a range of cuisines available to suit different tastes. With 4 restaurants for sale in Hialeah, investors have a wide range of options to choose from. In addition to restaurants, Hialeah also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Hialeah can provide a steady income stream, while shopping centers can offer a mix of retail and dining options. Specialty properties, like those near the Hialeah Park Race Track, can cater to specific industries or interests, and hotels can provide accommodation for visitors to the city. Overall, Hialeah's diverse range of investment opportunities makes it an attractive destination for investors seeking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Hialeah?
The average cost per square foot for a restaurant in Hialeah is $896 USD per square foot, with an average size of 11,446 square feet and a largest size of 38,344 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 Hialeah?
When evaluating the value of a restaurant for sale in Hialeah, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 75 and State Road 826, as well as accessibility to local amenities like Milander Park and Amelia Earhart Park, playing a significant role in determining value.
- The average price per square foot, which currently stands at $896 USD per square foot, and the average size of restaurants for sale, which is approximately 11,446 square feet, with the largest available space being 38,344 square feet.
- The average cap rate, currently at 5%, which provides insight into the potential return on investment for buyers, as well as the overall demand for restaurants in Hialeah, with 4 available listings to choose from.
