Lakeland, Florida, is a city that offers a unique blend of small-town charm and big-city amenities, making it an attractive location for investors looking to purchase a restaurant. With a population of around 110,000, Lakeland provides a sizable customer base for restaurants, and its location between Tampa and Orlando along Interstate 4 makes it an ideal spot for travelers and locals alike. Restaurants in Lakeland can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to a range of tastes and preferences. The city's many amenities, including its numerous lakes, parks, and cultural kurum, such as the Polk Museum of Art, make it an attractive place to live, work, and visit. Additionally, Lakeland is home to several major employers, including Publix, a well-known supermarket chain, and Florida Southern College, which attracts visitors and contributes to the local economy. With its convenient location, rich history, and strong economy, Lakeland is a great place to invest in a restaurant.
Lakeland's restaurant scene is diverse and eclectic, with a range of options to suit every taste and budget. From family-friendly diners to upscale eateries, there's something for everyone in this city. With 6 restaurants for sale in Lakeland, investors have a wide range of options to choose from. In addition to restaurants, Lakeland also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Lakeland offer a convenient and affordable housing option for residents, while shopping centers provide a hub for retail activity. Specialty properties, such as office buildings and warehouses, can cater to the city's growing business community, and hotels can accommodate visitors and travelers. With its strong economy and diverse range of investment opportunities, Lakeland is a great place to invest in commercial real estate. Overall, Lakeland's unique blend of small-town charm and big-city amenities makes it an attractive location for investors and businesses alike.
What is the average cost per square foot for a restaurant in Lakeland?
For entrepreneurs looking to invest in the Lakeland food scene, the average cost per square foot for a restaurant in Lakeland is $647 USD per square foot, with available listings totaling 6 and average restaurant sizes ranging from 40,202 square feet to 256,852 square feet.
What factors determine the value of a restaurant for sale in Lakeland?
When evaluating the value of a restaurant for sale in Lakeland, several key factors come into play, including:
- Location, with proximity to major highways, such as Interstate 4, and popular attractions like Joker Marchant Stadium and the Polk Museum of Art, being highly desirable;
- The restaurant's size, with an average size of 40,202 square feet, and largest size of 256,852 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $647 USD and average cap rate of 5.17%, which can indicate the restaurant's profitability and potential for growth.
With 6 available listings of restaurants for sale in Lakeland, understanding these factors is crucial for buyers and sellers alike to determine a fair market value.
