Meridian, Idaho, offers a unique opportunity for investors to tap into the city's growing economy with its 5 restaurants for sale. As the second most populous city in Idaho, Meridian has established itself as a hub for agriculture, manufacturing, and transportation, making it an attractive location for businesses. Restaurants, in particular, can benefit from the city's well-organized street layout, numerous parks, and recreational opportunities, which attract visitors and locals alike. With its proximity to major roads like Black Cat, Ten Mile, and I-84, restaurants in Meridian can easily cater to a diverse customer base. Additionally, the city's strong education system, provided by the West Ada School District, ensures a steady supply of skilled workers. The city's geography, situated on a flat plain in the north central part of Treasure Valley, also makes it an ideal location for businesses that rely on transportation and logistics.
Meridian's restaurants for sale offer a range of investment opportunities, from casual eateries to fine dining establishments. With an average price per square foot of $859 USD and an average size of 4,316 square feet, investors can find a property that fits their budget and business plan. The city's restaurants also benefit from a strong local economy, with major employers like Scentsy, Blue Cross of Idaho, and St. Luke's Health System. Additionally, Meridian is home to a variety of other property types, including apartment buildings, shopping centers, specialty properties, and hotels, each with its own unique characteristics and investment opportunities. For example, apartment buildings in Meridian offer a stable source of income, while shopping centers provide a hub for local commerce. Specialty properties, such as those near the Meridian Speedway or Eagle Island State Park, can capitalize on the city's tourism industry, and hotels can cater to the city's growing number of visitors. With its diverse economy and range of investment opportunities, Meridian is an attractive location for businesses and investors alike.
What is the average cost per square foot for a restaurant in Meridian?
For those interested in investing in the food industry, Meridian offers 5 available listings of restaurants, with an average cost per square foot of $859 USD and an average size of 4,316 square feet, making it an attractive option for entrepreneurs and restaurateurs alike.
What factors determine the value of a restaurant for sale in Meridian?
When evaluating the value of a restaurant for sale in Meridian, several key factors come into play, including:
- Location, with proximity to major transportation hubs like I-84 and the Union Pacific Railroad spur, as well as accessibility to local amenities like Meridian Settlers Regional Park and Eagle Island State Park, playing a significant role in determining value.
- The restaurant's size, with an average size of 4,316 square feet, and a maximum size of 7,819 square feet, influencing its value, as well as the average price per square foot of $859 USD.
- The restaurant's financial performance, including its average cap rate of 5.8%, which can impact its overall value, as well as the number of available listings, currently at 5, which can affect supply and demand.
