McAllen, Texas, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse business landscape. With 9 restaurants for sale, McAllen offers a range of investment opportunities in the food industry. Restaurants can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to different demographics and tastes. McAllen's strategic location near the Mexico-United States border, its rich history, and its evolution into a hub for international trade, health care, retail, and tourism make it an ideal place to invest in a restaurant. The city's amenities, such as the McAllen Nature Center, the Zinnia Spray Water Park, and the Champion Lakes Golf Course, attract visitors and residents alike, creating a strong customer base for restaurants. Additionally, McAllen's proximity to institutions like South Texas College and the presence of major corporations like the McAllen Foreign-Trade Zone (FTZ) and the McAllen Miller International Airport contribute to its appeal as a business destination.
McAllen's restaurants for sale offer a unique opportunity to tap into the city's growing economy. With an average price per square foot of $774 USD and an average size of 6,787 square feet, these properties are attractive investments. The largest restaurant available for sale spans 23,400 square feet, providing ample space for a variety of concepts. In addition to restaurants, McAllen also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in McAllen provide a stable source of income, while shopping centers offer a diverse range of retail spaces. Specialty properties, such as those near the McAllen Foreign-Trade Zone (FTZ), cater to specific industries, and hotels, like those near the McAllen Miller International Airport, serve travelers and business professionals. With an average cap rate of 5.88%, McAllen's restaurants for sale are a compelling investment opportunity in a city that is poised for continued growth.
What is the average cost per square foot for a restaurant in McAllen?
The average cost per square foot for a restaurant in McAllen is $774 USD per square foot, with available listings totaling 9 and average sizes ranging from 6,787 square feet to 23,400 square feet.
What factors determine the value of a restaurant for sale in McAllen?
The value of a restaurant for sale in McAllen is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the McAllen Miller International Airport and Metro McAllen, as well as high-traffic areas like the McAllen Foreign-Trade Zone (FTZ) and popular neighborhoods like the Bicentennial Bike Path area, contributing to a restaurant's desirability and potential revenue.
- Size and layout, with average restaurant sizes in McAllen ranging from 6,787 square feet to 23,400 square feet, and a well-designed layout that can accommodate a large number of customers and efficient service.
- Financial performance, including the restaurant's average cap rate of 5.88% and sales data, which can indicate its potential for profitability and growth.
