Missoula, Montana, is a city that offers a unique blend of natural beauty, cultural attractions, and economic opportunities, making it an attractive location for investors looking to purchase a restaurant. With its stunning mountain scenery, abundant wildlife, and outdoor recreational opportunities, Missoula is a popular destination for tourists and locals alike. Restaurants in Missoula offer a range of cuisines, from traditional American fare to international flavors, catering to the diverse tastes of the city's residents and visitors. Investing in a restaurant in Missoula can be a smart business move, as the city's growing population and tourism industry create a steady demand for dining options. The city's infrastructure, including its airport, highways, and public transportation system, makes it easily accessible for visitors and supplies. Additionally, Missoula is home to the University of Montana, which provides a steady stream of customers for restaurants. The city's downtown area is also a hub of cultural activity, with numerous events and festivals throughout the year, including the River City Roots Festival and the Missoula Farmers Market.
Missoula's restaurants offer a range of investment opportunities, from casual eateries to fine dining establishments. The city's culinary scene is diverse, with a mix of locally owned restaurants and national chains. With 4 restaurants currently for sale in Missoula, investors have a range of options to choose from. The average price per square foot for restaurants in Missoula is $540 USD, with an average size of 29,464 square feet. The largest restaurant for sale in Missoula is 121,675 square feet. In addition to restaurants, Missoula also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of amenities, including proximity to the university and downtown area. Shopping centers in Missoula provide a mix of local and national retailers, while specialty properties offer unique investment opportunities, such as office buildings and warehouses. Hotels in Missoula cater to the city's tourism industry, offering a range of amenities and services to visitors. Overall, Missoula offers a range of investment opportunities for those looking to purchase a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Missoula?
The average cost per square foot for a restaurant in Missoula is $540 USD per square feet, with available listings totaling 4 and average sizes ranging from 29,464 square feet to 121,675 square feet.
What factors determine the value of a restaurant for sale in Missoula?
When evaluating the value of a restaurant for sale in Missoula, several key factors come into play, including:
- Location, with proximity to the University of Montana, downtown area, and major highways like Interstate 90 influencing foot traffic and accessibility;
- Size and layout, with the average restaurant size in Missoula being 29,464 square feet, and larger spaces like 121,675 square feet commanding higher prices;
- Financial performance, including the average cap rate of 6.05% and the overall profitability of the business, which can impact the sale price and attract potential buyers.
