Moreno Valley, California, is an attractive location for investors seeking to purchase a restaurant, with 2 listings available. Restaurants in Moreno Valley offer a unique opportunity to tap into the city's diverse economy, which is driven by industries such as manufacturing, logistics, and retail. As a restaurant owner, you'll benefit from the city's strategic location, which provides easy access to major transportation routes, including State Route 60 and Interstate 215. Additionally, Moreno Valley is home to several educational institutions, including Moreno Valley College and Chapman University, ensuring a steady stream of customers. The city's amenities, such as Kaiser Permanente Community Hospital and Riverside County Regional Medical Center, also contribute to its appeal. With its rich history, diverse economy, and convenient location, Moreno Valley is an ideal place to invest in a restaurant.
Moreno Valley's restaurants are part of a larger commercial landscape that includes Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. The city's Apartment Buildings offer a range of options for residents, from affordable housing to luxury living. Shopping Centers, such as the Moreno Valley Mall, provide a convenient shopping experience for locals and visitors alike. Specialty Properties, like the Riverside International Raceway, offer unique entertainment options, while Hotels, such as the Hampton Inn & Suites, cater to travelers and business professionals. With its diverse range of commercial properties, Moreno Valley is an attractive location for investors seeking to diversify their portfolio. The city's restaurants, in particular, offer a unique opportunity to tap into the local economy and capitalize on the area's growth.
What is the average cost per square foot for a restaurant in Moreno Valley?
The average cost per square foot for a restaurant in Moreno Valley is $2,529 USD per square feet, with an average size of 1,214 square feet and a largest size of 1,500 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Moreno Valley?
When evaluating the value of a restaurant for sale in Moreno Valley, several key factors come into play, including:
- Location, with proximity to major transportation hubs like State Route 60 and Interstate 215, as well as accessibility to local amenities and attractions, impacting foot traffic and customer draw;
- Size and layout, with the average restaurant size in Moreno Valley being 1,214 square feet, and larger spaces like 1,500 square feet commanding higher prices;
- Financial performance, including the average cap rate of 5% and the overall profitability of the business, which can significantly influence the sale price.
