Restaurants for sale in Jonesboro, Arkansas, offer a unique investment opportunity in a city with a strong economy and a growing population of approximately 80,000 people. As the principal city of the Jonesboro Metropolitan Statistical Area, Jonesboro serves as the cultural and economic center of Northeast Arkansas. Restaurants in Jonesboro can cater to a diverse range of customers, including students and faculty from Arkansas State University, as well as employees from major corporations like St. Bernard's Healthcare and Dillard's. The city's infrastructure, including the St. Louis Southwestern Railway and major roads, provides easy access to transportation and logistics. Jonesboro's geography, situated atop Crowley's Ridge, offers a unique landscape that can be leveraged to create a distinctive dining experience. With its strong economy, diverse customer base, and accessible infrastructure, Jonesboro is an attractive location for restaurant investors. The city's attractions, such as the Fowler Center for Performing Arts and the Bradbury Art Museum, also make it a great place for business and travel.
Currently, there are 5 restaurants for sale in Jonesboro, offering a range of investment opportunities. These restaurants can be found in various locations throughout the city, including the downtown district and near Arkansas State University. In addition to restaurants, Jonesboro also offers other investment opportunities, such as apartment buildings, which can provide a steady stream of rental income. Shopping centers, like The Mall at Turtle Creek, offer a hub for retail activity and can be a great investment opportunity. Specialty properties, such as the St. Bernard's Regional Medical Center, can provide a unique investment opportunity in the healthcare sector. Hotels, like those found near the Arkansas State University campus, can cater to visitors and travelers. With its diverse range of investment opportunities, Jonesboro is an attractive location for investors looking to expand their portfolio.
What is the average cost per square foot for a restaurant in Jonesboro?
The average cost per square foot for a restaurant in Jonesboro is $555 USD per square foot, with an average size of 53,099 square feet and a largest size of 247,870 square feet, among the 5 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Jonesboro?
The value of a restaurant for sale in Jonesboro is determined by several factors, including:
- Location, with proximity to Arkansas State University, St. Bernard's Regional Medical Center, and major roads like the St. Louis Southwestern Railway tracks being highly desirable;
- Size and layout, with an average size of 53,099 square feet and a maximum size of 247,870 square feet, as well as the ability to accommodate a certain number of patrons;
- Financial performance, including the average price per square foot of $555 USD and an average cap rate of 7.17%, which can impact the overall value of the restaurant.
With 5 available listings of restaurants for sale in Jonesboro, understanding these factors is crucial in determining the value of a restaurant and making an informed purchase decision.
