New Haven, Connecticut, is a prime location for investing in restaurants, with a population of approximately 140,000 people and a strong economy driven by Yale University, healthcare, and biotechnology research. Restaurants in New Haven offer a unique opportunity for entrepreneurs to capitalize on the city's cultural amenities, including theaters, museums, and music venues, which attract visitors from across the region. With a range of cuisines and dining options, restaurants in New Haven cater to a diverse clientele, from students and faculty at Yale University to locals and tourists alike. The city's commitment to clean energy, with fuel cells and solar panels powering various facilities, also makes it an attractive location for eco-conscious investors. Additionally, New Haven's proximity to major highways, including Interstate 95 and Interstate 91, and its Union Station, which connects to Springfield, Massachusetts, make it an ideal location for restaurants that cater to commuters and travelers.
With 3 restaurants for sale in New Haven, investors have a wide range of options to choose from. From casual eateries to fine dining establishments, restaurants in New Haven offer a unique blend of culture, cuisine, and community. In addition to restaurants, New Haven also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in New Haven offer a steady stream of income, with a high demand for housing from students and young professionals. Shopping centers, such as the Chapel Street Mall, provide a hub for local businesses and entrepreneurs, while specialty properties, like the historic New Haven Green, offer a unique opportunity for investors to own a piece of the city's history. Hotels, like the Omni New Haven Hotel, cater to visitors and business travelers, providing a convenient and comfortable place to stay. Overall, New Haven offers a diverse range of investment opportunities, making it an attractive location for entrepreneurs and investors alike.
What is the average cost per square foot for a restaurant in New Haven?
The average cost per square foot for a restaurant in New Haven is $218 USD per square feet, with 3 available listings ranging in size from 16,628 square feet to 22,000 square feet, offering a diverse range of options for entrepreneurs and investors alike.
What factors determine the value of a restaurant for sale in New Haven?
When evaluating the value of a restaurant for sale in New Haven, several key factors come into play, including:
- Location, with proximity to Yale University, downtown New Haven, and major highways like Interstate 95 and Interstate 91 being highly desirable;
- The restaurant's size, with an average size of 16,628 square feet and a maximum size of 22,000 square feet, as well as its layout and condition;
- Financial performance, including the average price per square foot of $218 USD and an average cap rate of 6.26%, which can impact the overall value of the restaurant.
With 3 available listings of restaurants for sale in New Haven, understanding these factors is crucial for buyers and sellers alike.
