New Rochelle, New York, offers a unique opportunity for investors to capitalize on the city's growing demand for dining establishments. With 1 restaurants for sale, New Rochelle presents a diverse range of investment options, from casual eateries to fine dining establishments. Restaurants in New Rochelle can represent a variety of investments, including standalone buildings, spaces within shopping centers, or even opportunities for redevelopment. The city's amenities, infrastructure, and location make it an attractive place to invest in a restaurant. For instance, New Rochelle's proximity to Iona College and The College of New Rochelle provides a steady stream of customers, while its scenic waterfront and parks, such as the Greentree Country Club, offer a picturesque backdrop for dining establishments. Additionally, the city's easy access to New York City and its airports makes it an ideal location for businesses catering to travelers and locals alike. New Rochelle is also home to notable companies like Sidney Frank Importing and Blimpies, which contribute to the city's economic vitality.
New Rochelle's restaurants are situated in a city with a rich history and cultural significance, from the Thanhouser Film Corporation to the poem "Queen City of the Sound" by James J. Montague. The city's diverse neighborhoods, such as Bayberry and Quaker Ridge, offer a range of settings for restaurants to thrive. In addition to restaurants, New Rochelle also features other property types, including apartment buildings, which offer opportunities for investors to capitalize on the city's growing residential market. Shopping centers, like the ones along Main Street, provide a hub for retail and dining activity. Specialty properties, such as the historic buildings in the downtown area, offer unique opportunities for redevelopment. Hotels, like the ones near the waterfront, cater to the city's growing tourism industry. With its diverse range of property types and investment opportunities, New Rochelle presents a compelling case for investors looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in New Rochelle?
The average cost per square foot for a restaurant in New Rochelle is $567 USD per square foot, with an average size of 1,935 square feet and a largest size available of 1,935 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in New Rochelle?
When evaluating the value of a restaurant for sale in New Rochelle, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 95 and the Hutchinson River Parkway, as well as accessibility to New York City airports, being highly desirable;
- The restaurant's size, with an average size of 1,935 square feet, and a maximum size of 1,935 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $567 USD and average cap rate of 5.83%, which can indicate its profitability and potential for growth.
