Layton, Utah, offers a unique opportunity for investors to capitalize on the city's growing population and economic development. With a strong presence of retail, hospitality, and education, Layton is an attractive location for restaurants, providing a diverse customer base and a range of amenities. Restaurants in Layton can benefit from the city's proximity to Hill Air Force Base, Weber State University-Davis campus, and the Layton Hills Mall, which draw visitors and locals alike. Additionally, the city's access to I-15, U.S. 89, and the FrontRunner commuter rail makes it an ideal location for businesses catering to commuters and travelers. Layton's growing population, estimated to be around 80,000, and its mix of residential and commercial areas create a favorable environment for restaurants to succeed. The city's commitment to the arts, with events like Layton FEST and the Layton Arts in the Park, also contributes to its appeal as a destination for dining and entertainment.
Currently, there are 1 restaurants for sale in Layton, offering a range of investment opportunities. These restaurants vary in size, with the average size being 5,826 square feet and the largest being 5,826 square feet. The average price per square foot is $515 USD, and the average cap rate is 6.33%. In addition to restaurants, Layton also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Layton can benefit from the city's growing population and proximity to Weber State University-Davis campus. Shopping centers, such as the Layton Hills Mall, offer a range of retail and dining options, while specialty properties, like the East Gate Business Park, contribute to the city's economic development. Hotels in Layton, with over 1,000 hotel beds and a conference center, cater to visitors and business travelers. Overall, Layton's diverse economy and range of amenities make it an attractive location for various types of investments.
What is the average cost per square foot for a restaurant in Layton?
The average cost per square foot for a restaurant in Layton is $515 USD per square feet, with an average size of 5,826 square feet and a largest size of 5,826 square feet, making it an attractive option for restaurateurs looking to establish a presence in this growing city with a population of around 80,000, served by major transportation facilities like I-15, U.S. 89, and the FrontRunner commuter rail, and featuring a diverse economic landscape with significant retail, hospitality, and education sectors.
What factors determine the value of a restaurant for sale in Layton?
The value of a restaurant for sale in Layton is determined by a combination of factors, including:
- the average price per square foot, which is currently $515 USD per square foot, with an average size of 5,826 square feet and a largest size of 5,826 square feet;
- the average cap rate, which is currently 6.33%, indicating the rate of return on investment;
- the demand for restaurants in the area, driven by Layton's growing population of around 80,000 people, its proximity to Hill Air Force Base, and its access to major transportation routes, including I-15 and U.S. 89.
