Irvine, California, is a prime location for investing in restaurants, with a strong economy and a population of approximately 310,000 residents. Restaurants in Irvine offer a unique opportunity for investors to tap into the city's diverse demographics and thriving business community. As a hub for technology and semiconductor industries, Irvine is home to many major corporations, including Broadcom Inc., Blizzard Entertainment, and Western Digital Corporation, providing a steady stream of customers for restaurants. The city's master-planned design and extensive infrastructure, including the Irvine Traffic Research and Control Center and the Orange County Transportation Authority, ensure easy accessibility and a high quality of life for residents and visitors alike. With its proximity to the University of California, Irvine, and other higher education institutions, Irvine's restaurants can cater to a diverse range of customers, from students to professionals. The city's many amenities, such as the Orange County Great Park and William R. Mason Regional Park, make it an attractive location for families and individuals alike, providing a strong foundation for restaurant investments.
Irvine's restaurant scene is just one aspect of the city's diverse commercial landscape, which also includes apartment buildings, shopping centers, specialty properties, and hotels. With 1 restaurants for sale, investors have a wide range of options to choose from. In addition to restaurants, Irvine is home to a variety of apartment buildings, offering investors opportunities to tap into the city's strong rental market. The city's shopping centers, such as the Irvine Spectrum Center, provide a hub for retail and dining activity, while specialty properties, like the Irvine Fine Arts Center, offer unique investment opportunities. Meanwhile, hotels, such as the Hotel Irvine, cater to the city's many business travelers and tourists. With its strong economy and diverse range of commercial properties, Irvine is an attractive location for investors looking to expand their portfolios.
What is the average cost per square foot for a restaurant in Irvine?
The average cost per square foot for a restaurant in Irvine is $1,420 USD per square foot, with an average size of 7,040 square feet and a largest size of 7,040 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Irvine?
The value of a restaurant for sale in Irvine is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs, universities, and business districts, such as the Irvine Spectrum area, University of California, Irvine, and the Irvine Business Complex, impacting foot traffic and customer demographics;
- Size and layout, with an average size of 7,040 square feet and a maximum size of 7,040 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average price per square foot of $1,420 USD and an average cap rate of 2.88%, which influence the restaurant's profitability and return on investment.
