Noblesville, Indiana, is an attractive location for investors looking to purchase a restaurant, with its rich history, outdoor music venue, and growing population. Restaurants in Noblesville offer a unique opportunity for entrepreneurs to capitalize on the city's expanding economy and increasing demand for dining options. As a popular stop for touring musicians, the Ruoff Music Center draws in visitors from across the region, creating a built-in customer base for local restaurants. Additionally, the city's amenities, such as the Hamilton East Public Library and Noblesville High School, provide a stable foundation for businesses to thrive. With its location along the White River and proximity to Indianapolis, Noblesville offers a unique blend of small-town charm and access to larger markets. The city's economy is driven by major industries like healthcare, education, and manufacturing, making it an attractive location for businesses looking to establish a strong presence.
Currently, there are 1 restaurants for sale in Noblesville, offering a range of investment opportunities. The average price per square foot for these listings is $469 USD, with an average size of 3,200 square feet. The largest restaurant for sale in Noblesville spans 3,200 square feet. In addition to restaurants, Noblesville also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Noblesville offer investors a chance to capitalize on the city's growing population and demand for housing. Shopping centers in the area provide a hub for local businesses and services, while specialty properties offer unique opportunities for entrepreneurs looking to establish a niche presence. Hotels in Noblesville cater to the city's visitors and business travelers, providing a steady stream of revenue. Overall, Noblesville's diverse range of commercial properties makes it an attractive location for investors looking to establish a strong presence in the region.
What is the average cost per square foot for a restaurant in Noblesville?
In Noblesville, the average cost per square foot for a restaurant is $469 USD per square foot, with an average size of 3,200 square feet and a largest size of 3,200 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in Noblesville?
When evaluating the value of a restaurant for sale in Noblesville, several key factors come into play, including:
- Location, with proximity to popular attractions like Ruoff Music Center and the White River, as well as accessibility to major transportation routes like Indiana State Road 37 and Conner Street, being highly desirable;
- The restaurant's physical characteristics, such as its average size of 3,200 square feet, with larger spaces like 3,200 square feet potentially commanding higher prices;
- Financial performance, including the average price per square foot of $469 USD and average cap rate of , which can impact the overall value of the restaurant.
