Manchester, New Hampshire, is a prime location for investing in restaurants, with its rich history, diverse economy, and strong infrastructure. Restaurants in Manchester offer a unique opportunity to tap into the city's growing population of around 110,000 people, who are drawn to its mix of residential, commercial, and retail spaces. With key employers like Elliot Hospital, Catholic Medical Center, and Southern New Hampshire University, Manchester's restaurants can cater to a diverse range of customers. The city's amenities, such as the McIntyre Ski Area and Massabesic Audubon Center, also make it an attractive location for restaurants that can offer a unique dining experience. Additionally, Manchester's proximity to Boston, Massachusetts, and its own Manchester-Boston Regional Airport, make it an ideal location for restaurants that want to attract visitors from nearby cities.
Manchester's restaurants are just one of the many property types available in the city, which also include apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of options for residents, from modern high-rise buildings to historic mill conversions. Shopping centers like the Mall of New Hampshire provide a hub for retail activity, while specialty properties like the historic Palace Theatre offer a unique cultural experience. Hotels in Manchester, such as the Hilton Garden Inn, cater to visitors from nearby cities and beyond. With 2 restaurants for sale in Manchester, investors have a wide range of options to choose from, each with its own unique characteristics and opportunities. Whether you're looking to invest in a restaurant in the heart of downtown Manchester or in a quieter neighborhood, there's a property to suit your needs.
What is the average cost per square foot for a restaurant in Manchester?
The average cost per square foot for a restaurant in Manchester is $523 USD per square foot, with an average size of 2,614 square feet and a largest size of 3,366 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 Manchester?
When evaluating the value of a restaurant for sale in Manchester, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Manchester-Boston Regional Airport, Interstate Highways, and U.S. Routes, as well as foot traffic in popular areas like downtown Manchester and the Mall of New Hampshire, contributing to a restaurant's visibility and accessibility.
- The size and layout of the property, with average sizes ranging from 2,614 square feet to 3,366 square feet, and the ability to accommodate a desired number of patrons and staff.
- The financial performance of the restaurant, including the average cap rate of 4.75%, which can impact the overall value of the property, as well as the average price per square foot of $523 USD, which can influence the sale price.
