Montgomery, Alabama, offers a unique opportunity for investors to capitalize on the city's rich history, cultural attractions, and growing economy. With 5 restaurants for sale, Montgomery presents an attractive option for those looking to invest in the food industry. Restaurants in Montgomery can represent a diverse range of investments, from casual eateries to fine dining establishments, catering to the city's residents, students, and tourists. Montgomery's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. The city is home to several institutions, including Alabama State University, Troy University, and Auburn University at Montgomery, ensuring a steady flow of customers. Additionally, Montgomery's downtown area, featuring the revitalized Court Square and riverfront, attracts visitors and locals alike. The city's cultural attractions, such as the Montgomery Museum of Fine Arts, Montgomery Zoo, and Hank Williams Museum, also contribute to its appeal. With its rich history, diverse economy, and growing population of over 200,000 residents, Montgomery is a great place for business and travel, with attractions like the Montgomery Biscuits baseball team and the Yokohama Tire LPGA Classic.
Montgomery's restaurants are situated in a city that offers a unique blend of history, culture, and entertainment. With nearby institutions like the Alabama State Capitol, Dexter Avenue Baptist Church, and the RSA Tower, restaurants in Montgomery can capitalize on the city's tourist traffic. In addition to restaurants, Montgomery also offers 5 apartment buildings, 5 shopping centers, 5 specialty properties, and 5 hotels for sale, providing investors with a range of options to diversify their portfolios. The city's apartment buildings, such as those in the downtown area, offer a convenient living option for students and professionals. Montgomery's shopping centers, like Eastdale Mall and The Shoppes at Eastchase, provide a hub for retail activity. The city's specialty properties, including the Montgomery Museum of Fine Arts and the Hank Williams Museum, attract visitors and locals alike. Lastly, Montgomery's hotels, such as those near the Montgomery Regional Airport, cater to the city's business travelers and tourists. Overall, Montgomery presents a unique opportunity for investors to capitalize on the city's growing economy and diverse attractions.
What is the average cost per square foot for a restaurant in Montgomery?
The average cost per square foot for a restaurant in Montgomery is $682 USD per square feet, with an average size of 10,095 square feet and a largest size of 26,489 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 Montgomery?
When evaluating the value of a restaurant for sale in Montgomery, several key factors come into play, including:
- Location, with proximity to major highways like I-65 and I-85, as well as downtown revitalization projects, influencing foot traffic and accessibility;
- Size and layout, with the average restaurant size in Montgomery being 10,095 square feet, and larger spaces like 26,489 square feet commanding higher prices;
- Financial performance, including the average cap rate of 7.46% and the average price per square foot of $682 USD, which can impact the overall value of the restaurant.
