Missouri City, Texas, offers a unique opportunity for investors to own a piece of the city's growing food scene with its 3 restaurants for sale. Restaurants in Missouri City represent a diverse range of investments, from casual eateries to upscale dining establishments, catering to the city's diverse population of around 70,000 residents. With its strong economy, excellent schools, and convenient location, Missouri City is an attractive place to invest in a restaurant. The city's infrastructure, including major highways like US 90A and Beltway 8, makes it easily accessible to customers from surrounding areas. Additionally, the city's amenities, such as the OakBend Medical Center and the Missouri City Parks and Recreation Department, contribute to its appeal. Missouri City is also home to several major employers, including the Texas Medical Center and Greenway Plaza, providing a steady stream of potential customers. The city's rich history and cultural events, such as the Missouri City Art in the Park and the Missouri City Cultural Arts Festival, add to its charm, making it an excellent location for a restaurant.
Missouri City's restaurants are situated in a city with a strong economy, diverse population, and excellent amenities. Nearby, investors can also find opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Missouri City offer a chance to capitalize on the city's growing population and demand for housing. Shopping centers, such as those along Highway 6, provide a hub for retail activity and foot traffic. Specialty properties, like the Missouri City Parks and Recreation Department's facilities, offer unique investment opportunities. Hotels, such as those near the Texas Medical Center, cater to the city's visitors and business travelers. With its diverse range of properties and strong economy, Missouri City is an attractive location for investors looking to expand their portfolio. The city's average price per square foot for restaurants is $316 USD, with an average size of 6,694 square feet and a largest size of 22,407 square feet. The average cap rate for restaurants in Missouri City is 6.16%.
What is the average cost per square foot for a restaurant in Missouri City?
The average cost per square foot for a restaurant in Missouri City is $316 USD per square feet, with an average size of 6,694 square feet and a largest size of 22,407 square feet, providing a range of options for restaurateurs looking to establish a presence in this growing suburb of Houston.
What factors determine the value of a restaurant for sale in Missouri City?
When evaluating the value of a restaurant for sale in Missouri City, several key factors come into play, including:
- Location, with proximity to major highways like US 90A, Beltway 8, and Fort Bend Toll Road, as well as accessibility to public transportation hubs like the Missouri City Park and Ride, influencing foot traffic and customer accessibility;
- Size and layout, with the average restaurant size in Missouri City being 6,694 square feet, and larger spaces like 22,407 square feet commanding higher prices;
- Financial performance, including the average cap rate of 6.16%, which can impact the overall value of the restaurant, as well as the asking price per square foot, currently averaging $316 USD.
