Lawrence, Kansas, is a prime location for investing in restaurants, with 1 available listings for sale. Restaurants in Lawrence offer a unique opportunity to tap into the city's strong economy, driven by the presence of the University of Kansas and a diverse range of industries. As a restaurant owner, you can cater to the city's approximately 90,000 residents, as well as visitors drawn to the area's rich cultural scene, outdoor spaces, and sporting events. Lawrence's amenities, infrastructure, and geography make it an attractive location for restaurants, with easy access to major highways, a regional airport, and a range of educational institutions. The city's strong healthcare sector, led by Lawrence Memorial Hospital, and its growing retail sector, with businesses along Massachusetts Street, also contribute to a promising environment for restaurants.
Lawrence's restaurant scene is part of a larger commercial landscape that includes 1 available listings for sale. In addition to restaurants, the city is home to a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Lawrence offer investors the opportunity to capitalize on the city's growing population and demand for housing. Shopping centers, such as those along Iowa Street, provide a hub for retail activity, while specialty properties, like those in the downtown area, offer unique opportunities for businesses. Hotels, like the Eldridge Hotel, cater to visitors drawn to the city's cultural and sporting events. With its diverse range of commercial properties, Lawrence presents a compelling case for investors looking to tap into the city's economic growth.
What is the average cost per square foot for a restaurant in Lawrence?
The average cost per square foot for a restaurant in Lawrence is $168 USD per square feet, with an average size of 5,520 square feet and a largest size of 5,520 square feet, making it an attractive option for entrepreneurs looking to establish a food business in this city.
What factors determine the value of a restaurant for sale in Lawrence?
When evaluating the value of a restaurant for sale in Lawrence, several key factors come into play, including:
- Location, with proximity to the University of Kansas, downtown Lawrence, and major highways like Interstate 70 and U.S. Route 59 being highly desirable;
- The restaurant's size, with an average size of 5,520 square feet, and a maximum size of 5,520 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $168 USD and an average cap rate of , which can influence the restaurant's value and potential return on investment.
