Lauderhill, Florida, offers a unique opportunity for investors to purchase restaurants for sale, with a diverse population and a strong demand for dining options. Restaurants in Lauderhill can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to the city's diverse population, including Jamaicans, West Indians, and African Americans. Lauderhill's amenities, such as the Central Broward Park and the Inverrary Country Club, make it an attractive location for restaurants, and its infrastructure, including major roads like University Drive and Oakland Park Boulevard, provide easy access for customers. The city's education system, including Broward County Public Schools and the University of Fort Lauderdale, also contributes to a stable and growing population. Additionally, Lauderhill's tropical climate and proximity to major cities like Fort Lauderdale and Miami make it an attractive destination for tourists and locals alike, increasing the potential for restaurants to attract a wide range of customers. The city's diverse economy, including a mix of recreational, sports, and community-oriented businesses, also supports the growth of the restaurant industry.
Lauderhill's restaurants for sale offer a range of opportunities for investors, with 3 listings available. The average price per square foot for restaurants in Lauderhill is $1,127 USD, and the average size of restaurants is 2,260 square feet, with the largest restaurant available being 2,758 square feet. In addition to restaurants, Lauderhill also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Lauderhill offer a stable source of income, with a diverse range of tenants. Shopping centers in Lauderhill provide a hub for local businesses and services, catering to the city's growing population. Specialty properties, such as the Inverrary Country Club, offer unique investment opportunities, with a strong demand for recreational and sports facilities. Hotels in Lauderhill, such as those near the Central Broward Park, cater to tourists and business travelers, providing a steady stream of revenue. Overall, Lauderhill's restaurants for sale offer a unique opportunity for investors to capitalize on the city's growing population and diverse economy.
What is the average cost per square foot for a restaurant in Lauderhill?
For those interested in purchasing a restaurant in Lauderhill, the average cost per square foot is $1,127 USD.
What factors determine the value of a restaurant for sale in Lauderhill?
When evaluating the value of a restaurant for sale in Lauderhill, several key factors come into play, including:
- Location, with proximity to major roads like University Drive and Oakland Park Boulevard, as well as accessibility to nearby cities like Fort Lauderdale, Plantation, Sunrise, Tamarac, and Lauderdale Lakes, being highly desirable;
- The size and condition of the property, with an average size of 2,260 square feet and a largest size of 2,758 square feet, as well as the overall condition and age of the building;
- Financial performance, including the average price per square foot of $1,127 USD and an average cap rate of 5.16%, which can indicate the restaurant's potential for profitability and return on investment.
