Independence, Missouri, offers a unique opportunity for investors to tap into the city's rich history and cultural heritage through its diverse range of restaurants for sale. With a population of around 120,000, Independence provides a stable and growing market for restaurateurs, with a strong presence of healthcare, education, retail, and manufacturing industries. The city's strategic location near the Kansas City metropolitan area and its well-connected transportation network make it an attractive destination for both locals and tourists. Restaurants in Independence can capitalize on the city's historical significance, with attractions like the Truman Presidential Library and Museum, the National Frontier Trails Museum, and the Harry S. Truman National Historic Site drawing visitors from across the country. Additionally, the city's amenities, such as the Centerpoint Medical Center, the Amtrak Station, and the Kansas City Area Transportation Authority (KCATA), provide a solid infrastructure for businesses to thrive.
Independence's restaurants for sale offer a diverse range of investment opportunities, from casual eateries to fine dining establishments. With 5 listings available, investors can find the perfect fit for their business goals. The average price per square foot for restaurants in Independence is $409 USD, with an average size of 3,906 square feet. The largest restaurant available spans 6,066 square feet, offering ample space for entrepreneurs to create their vision. Independence also boasts a strong average cap rate of 6.72%, making it an attractive option for investors seeking a stable return on investment. In addition to restaurants, Independence offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a unique opportunity to capitalize on the growing demand for housing, while its shopping centers provide a hub for retail activity. Specialty properties, such as the historic Independence Square, offer a chance to invest in the city's cultural heritage, and hotels cater to the city's thriving tourism industry.
What is the average cost per square foot for a restaurant in Independence?
The average cost per square foot for a restaurant in Independence is $409 USD per square foot, with an average size of 3,906 square feet and a largest size of 6,066 square feet, among the 5 available listings.
What factors determine the value of a restaurant for sale in Independence?
When evaluating the value of a restaurant for sale in Independence, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Amtrak Station and Kansas City Area Transportation Authority (KCATA), as well as accessibility to Interstate 70, U.S. Route 24, and Missouri Route 291, being highly desirable;
- The restaurant's size, with an average size of 3,906 square feet and a maximum size of 6,066 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $409 USD and an average cap rate of 6.72%, which can indicate the restaurant's profitability and growth potential.
