Lee's Summit, Missouri, a suburb in the Kansas City metropolitan area, offers a diverse range of restaurants for sale, with 2 available listings. Investing in a restaurant in Lee's Summit can be a lucrative venture, as the city's strong economy and growing population of approximately 100,000 residents create a demand for dining options. Restaurants can take many forms, from casual eateries to fine dining establishments, and can cater to a variety of cuisines and tastes. Lee's Summit's amenities, infrastructure, location, education, and geography make it an attractive place to invest in a restaurant. The city is home to several major highways, including I-470, US 40, US 50, Route 150, Route 291, and Route 350, making it easily accessible to customers. Additionally, Lee's Summit is served by the Lee's Summit Municipal Airport and has a strong education system, with institutions like Longview Community College and the University of Central Missouri. The city's geography, with its rolling hills and scenic views, also provides a unique setting for restaurants. Overall, Lee's Summit is a great place to invest in a restaurant, with its strong economy, growing population, and attractive amenities.
Lee's Summit's restaurant scene is just one aspect of the city's diverse commercial landscape. The city is also home to 2 apartment buildings, shopping centers, specialty properties, and hotels, offering a range of investment opportunities. For example, investors can explore apartment buildings near Longview Community College or shopping centers along I-470. Specialty properties, such as those near the Lee's Summit Municipal Airport, can also provide unique investment opportunities. Hotels, like those near the Lee's Summit Amtrak station, can cater to travelers and tourists. Overall, Lee's Summit's diverse range of commercial properties makes it an attractive place to invest, with opportunities available to suit a variety of interests and investment strategies.
What is the average cost per square foot for a restaurant in Lee's Summit?
The average cost per square foot for a restaurant in Lee's Summit is $1,629 USD per square foot, with an average size of 2,212 square feet and a largest size of 3,773 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Lee's Summit?
When evaluating the value of a restaurant for sale in Lee's Summit, several key factors come into play, including:
- Location, with proximity to major roads like I-470, US 40, US 50, Route 150, Route 291, and Route 350, as well as access to transportation hubs like the Lee's Summit Municipal Airport and Amtrak station, influencing foot traffic and customer accessibility.
- The restaurant's size, with an average size of 2,212 square feet, and a maximum size of 3,773 square feet, affecting operational efficiency and seating capacity.
- Financial performance, including the average price per square foot of $1,629 USD and an average cap rate of 5.92%, which impact the restaurant's profitability and return on investment.
