Restaurants for sale in Mission, Texas, offer a unique opportunity for investors to tap into the city's growing economy and strong agricultural industry. As a hub for citrus fruit production, Mission's restaurants can capitalize on the city's reputation as the "Home of the Ruby Red Grapefruit" since 1921. With a population of around 85,000, Mission provides a sizable customer base for restaurants, and its proximity to McAllen and the Mexico-United States border ensures a steady stream of visitors. The city's infrastructure, including the Mission Canal Company's First Lift Station and the Speer Memorial Library, supports a strong quality of life, making it an attractive location for restaurants. Additionally, the city's annual Texas Citrus Fiesta Parade and other cultural events draw visitors from across the region, providing a potential boost to local restaurants.
With 3 restaurants for sale in Mission, investors have a range of options to choose from. In addition to restaurants, Mission also offers opportunities for investment in apartment buildings, shopping centers, specialty properties, and hotels. For example, investors may consider purchasing an apartment building near the Mission Consolidated Independent School District or a shopping center along the Interstate 2/U.S. Route 83 freeway. The city's strong agricultural industry and growing economy make it an attractive location for specialty properties, such as citrus-themed restaurants or stores. Hotels in Mission can capitalize on the city's tourist attractions, including the Texas Citrus Fiesta Parade and the Speer Memorial Library. Overall, Mission offers a unique blend of economic opportunities and cultural attractions, making it an attractive location for investors.
What is the average cost per square foot for a restaurant in Mission?
The average cost per square foot for a restaurant in Mission is $531 USD per square foot, with an average size of 11,200 square feet and a largest size of 23,400 square feet, among the 3 available listings.
What factors determine the value of a restaurant for sale in Mission?
When evaluating the value of a restaurant for sale in Mission, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 2/U.S. Route 83 and the Mexico-United States border, as well as local amenities like the Speer Memorial Library, influencing foot traffic and accessibility.
- The size and layout of the restaurant, with average sizes ranging from 11,200 square feet to 23,400 square feet, and the ability to accommodate a certain number of patrons and staff.
- The financial performance of the restaurant, including the average price per square foot of $531 USD and an average cap rate of 5.5%, which can impact the overall value of the business.
