Miami Gardens, a city located in north-central Miami-Dade County, Florida, offers a unique opportunity for investors to capitalize on the growing demand for restaurants. With a population of approximately 110,000 residents, Miami Gardens presents a diverse demographic makeup, making it an attractive location for restaurants catering to various tastes and preferences. Restaurants in Miami Gardens can represent a range of investments, from casual eateries to fine dining establishments, and even specialty restaurants that cater to specific cuisines or dietary needs. The city's amenities, infrastructure, and location make it an ideal place to invest in a restaurant. For instance, the Hard Rock Stadium, a multi-purpose stadium that hosts the Miami Dolphins and the University of Miami Hurricanes football team, attracts visitors and fans from various areas, creating a potential customer base for restaurants in the vicinity. Additionally, the city's healthcare facilities, such as Jackson North Medical Center, Concentra Urgent Care, and Chen Medical Center, provide medical services to residents, making it an attractive location for restaurants that cater to healthcare professionals and patients. Miami Gardens is also home to St. Thomas University and Florida Memorial University, which can provide a steady stream of customers for restaurants. The city's geography, with its proximity to Downtown Miami and the Miami International Autodrome, makes it an attractive location for businesses that rely on foot traffic and accessibility.
Miami Gardens, with its 5 available listings of restaurants for sale, offers a range of opportunities for investors. The city's restaurants, with an average price per square foot of $465 USD, and an average size of 40,713 square feet, can provide a significant return on investment. In addition to restaurants, Miami Gardens also offers other property types, such as apartment buildings, with their own unique characteristics and investment opportunities. For instance, apartment buildings in Miami Gardens, with their proximity to the Hard Rock Stadium and the Miami International Autodrome, can attract tenants who work in the sports and entertainment industry. Shopping centers, with their mix of retail and dining options, can provide a one-stop shopping experience for residents and visitors. Specialty properties, such as those catering to specific industries or demographics, can offer a unique value proposition for investors. Hotels, with their proximity to the Miami International Autodrome and the Hard Rock Stadium, can attract visitors and fans from various areas. Overall, Miami Gardens presents a diverse range of investment opportunities, making it an attractive location for investors looking to capitalize on the growing demand for restaurants and other property types.
What is the average cost per square foot for a restaurant in Miami Gardens?
The average cost per square foot for a restaurant in Miami Gardens is $465 USD per square foot, with an average size of 40,713 square feet and a largest size of 151,353 square feet, among the 5 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Miami Gardens?
The value of a restaurant for sale in Miami Gardens is determined by several key factors, including:
- Location, with proximity to major attractions like the Hard Rock Stadium and easy access to transportation infrastructure such as I-95 and Florida State Road 860 (Miami Gardens Drive) being highly desirable;
- The restaurant's size, with an average size of 40,713 square feet and a maximum size of 151,353 square feet, as well as its layout and condition;
- Financial performance, including the average price per square foot of $465 USD and an average cap rate of 7%, which can impact the overall value of the restaurant.
With 5 available listings of restaurants for sale in Miami Gardens, understanding these factors is crucial for buyers and sellers to determine a fair market value.
