Modesto, California, is an attractive destination for investors seeking to capitalize on the city's strong economy and growing population of approximately 218,000 residents. Restaurants for sale in Modesto offer a unique opportunity to tap into the city's agricultural heritage and cater to the diverse tastes of its residents and visitors. As a hub for food processing and production, Modesto is home to major employers like E. & J. Gallo Winery, Foster Farms, and Kaiser Permanente, ensuring a steady stream of customers for restaurants. The city's infrastructure, including the Stanislaus Regional Transit Authority, Modesto City-County Airport, and major highways, makes it easily accessible to patrons from surrounding areas. Additionally, Modesto's amenities, such as the Gallo Center for the Arts, Modesto Centre Plaza, and parks along the Tuolumne River and Stanislaus River, create a desirable environment for restaurants to thrive. With 3 restaurants for sale in Modesto, investors have a range of options to choose from, including establishments with average prices per square foot of $1,432 USD and average sizes of 9,909 square feet.
Modesto's restaurants are an integral part of the city's economy, offering a diverse range of cuisines to suit every taste. With a strong agricultural sector, Modesto is an ideal location for restaurants that source local ingredients and cater to the city's food-conscious population. In addition to restaurants, Modesto also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Modesto offer investors a chance to capitalize on the city's growing population and limited housing supply. Shopping centers, on the other hand, provide a platform for retailers to tap into the city's strong consumer base. Specialty properties, such as wineries and farms, offer a unique opportunity to invest in Modesto's agricultural heritage. Finally, hotels in Modesto cater to the city's growing tourism industry, driven by attractions like the Gallo Center for the Arts and the annual Graffiti Summer celebration. With its diverse economy and range of investment opportunities, Modesto is an attractive destination for investors seeking to diversify their portfolios.
What is the average cost per square foot for a restaurant in Modesto?
For those looking to invest in the culinary scene, the average cost per square foot for a restaurant in Modesto is $1,432 USD per square foot, with available listings totaling 3 and average restaurant sizes ranging from 9,909 square feet to 26,877 square feet.
What factors determine the value of a restaurant for sale in Modesto?
When evaluating the value of a restaurant for sale in Modesto, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 5 and California State Route 99, as well as foot traffic in areas like downtown Modesto (DOMO) and the Historic Cruise Route, influencing customer accessibility and visibility.
- The restaurant's size, with an average size of 9,909 square feet, and a maximum size of 26,877 square feet, affecting operational efficiency and capacity.
- Financial performance, including the average price per square foot of $1,432 USD and an average cap rate of 5.02%, which impact the restaurant's profitability and return on investment.
