Longmont, Colorado, is an attractive destination for investors seeking to purchase a restaurant, with 2 listings currently available. Restaurants in Longmont offer a unique opportunity to tap into the city's growing economy, which has transitioned from an agricultural community to a hub for high technology companies. As a restaurant owner, you can capitalize on the city's rich history, cultural attractions, and outdoor recreational activities, making it an ideal location to attract a diverse customer base. Longmont's infrastructure, including its municipal gigabit data fiber-optic network called NextLight, and its proximity to major transportation facilities, such as U.S. Highway 287 and the Vance Brand Airport, make it an attractive location to establish a business. Additionally, the city's cold semi-arid climate and scenic views of the Rocky Mountains create a unique ambiance that can enhance the dining experience. With major employers like Seagate Technology, the St. Vrain Valley School District, and UCHealth Longs Peak Hospital, Longmont's economy is diverse and growing, making it an excellent location to invest in a restaurant.
Longmont's restaurant scene is part of a larger commercial landscape that includes 2 listings. The city is also home to various other property types, such as Apartment Buildings, which offer a unique opportunity to invest in residential real estate; Shopping Centers, which provide a platform for retailers to establish a presence in the city; Specialty Properties, which cater to specific business needs; and Hotels, which offer accommodations for tourists and travelers. With its rich history, cultural attractions, and outdoor recreational activities, Longmont is an attractive destination for tourists and locals alike, making it an ideal location to invest in a restaurant or other commercial property. The city's economy is further bolstered by its proximity to the Rocky Mountain National Park, which attracts tourists to the area, and its 'maker' community, which supports activities like skiing, snowsports, bicycling, and rock climbing. Overall, Longmont offers a unique blend of history, culture, and outdoor recreation, making it an attractive location to invest in a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Longmont?
The average cost per square foot for a restaurant in Longmont is $246 USD per square feet, with an average size of 4,339 square feet and a largest size of 6,100 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Longmont?
The value of a restaurant for sale in Longmont is determined by a combination of factors, including:
- Location, with proximity to major attractions like the Rocky Mountain National Park and downtown Longmont's revitalized Main Street area, as well as accessibility to transportation infrastructure such as U.S. Highway 287 and the FLEX regional bus service, impacting foot traffic and customer accessibility.
- Size and layout, with the average restaurant size in Longmont being around 4,339 square feet, and the largest available space being 6,100 square feet, affecting seating capacity, kitchen efficiency, and overall operational functionality.
- Financial performance, including the average cap rate of , and the average price per square foot of $246 USD, which influence the restaurant's profitability, cash flow, and overall value to potential buyers.
