Medford, Oregon, a city with a rich history and a population of approximately 80,000, offers a unique opportunity for investors to own a piece of the local culinary scene with its selection of restaurants for sale. Restaurants in Medford represent a diverse range of investments, from casual eateries to fine dining establishments, each with its own unique character and appeal. Whether you're looking to invest in a family-friendly restaurant or a trendy spot for foodies, Medford has something to offer. The city's amenities, including Bear Creek Park and Prescott Park, provide a welcoming atmosphere for diners, while its infrastructure, including Interstate 5 and the Rogue Valley International-Medford Airport, make it easily accessible to visitors. Medford's geography, with its proximity to the Siskiyou Mountains and the Rogue River, also provides a picturesque backdrop for restaurants. Additionally, the city's educational institutions, such as Rogue Community College and Southern Oregon University, contribute to a diverse and educated population, making it an attractive location for businesses.
Currently, there are 9 restaurants for sale in Medford, offering a range of options for investors. The average price per square foot for these restaurants is $464 USD, with an average size of 8,876 square feet. The largest restaurant available is 30,180 square feet. In addition to restaurants, Medford also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Medford offer a stable source of income, with many buildings located near the city's educational institutions. Shopping centers, such as the Medford Center, provide a hub for retail activity, while specialty properties, like the Craterian Ginger Rogers Theater, offer unique opportunities for investors. Hotels, such as the Inn at the Commons, cater to the city's growing tourism industry, with many visitors drawn to the area's natural beauty and outdoor recreational opportunities. Overall, Medford's diverse range of commercial properties makes it an attractive location for investors looking to expand their portfolio.
What is the average cost per square foot for a restaurant in Medford?
According to current listings, the average cost per square foot for a restaurant in Medford is $464 USD per square foot, with an average size of 8,876 square feet and a largest size available of 30,180 square feet, among 9 available listings.
What factors determine the value of a restaurant for sale in Medford?
When evaluating the value of a restaurant for sale in Medford, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 5, Highway 99, and Highway 62, as well as accessibility to the Rogue Valley International-Medford Airport, being highly desirable;
- The restaurant's size, with an average size of 8,876 square feet, and a maximum size of 30,180 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $464 USD and an average cap rate of 7.74%, which can influence the restaurant's overall value and attractiveness to potential buyers.
