Norwalk, California, offers a unique opportunity for investors to tap into the city's growing food scene with its 3 restaurants for sale. As a prime location for dining establishments, Norwalk's restaurants cater to a diverse population of around 100,000 residents, providing a steady stream of customers. With its rich history and cultural heritage, Norwalk's restaurants reflect the city's agricultural past, offering a range of cuisines that appeal to the local community. From dairy farming to sugar beet farming, Norwalk's restaurants showcase the city's roots, making it an attractive investment opportunity. The city's infrastructure, including the Los Angeles County Sheriff's Department, Los Angeles County Fire Department, and Norwalk Transit, ensures a safe and accessible environment for businesses to thrive. Additionally, the presence of the Metropolitan State Hospital, Cerritos College, and the Los Angeles County Registrar/Recorder's Office adds to the city's appeal, making it an ideal location for restaurants.
Norwalk's restaurants are part of a larger commercial landscape that includes 3 restaurants for sale, as well as apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of housing options for residents, while shopping centers like the Norwalk Square provide a convenient shopping experience. Specialty properties, such as the Hargitt House Museum, add to the city's cultural appeal, and hotels like the DoubleTree by Hilton Los Angeles - Norwalk provide accommodations for visitors. With its diverse economy, Norwalk offers a unique opportunity for investors to tap into the city's growth, making it an attractive location for businesses and residents alike. The city's transportation infrastructure, including the Santa Ana Freeway, provides easy access to surrounding cities, making it an ideal location for restaurants and other businesses. Overall, Norwalk's restaurants for sale offer a unique investment opportunity in a city that is rich in culture and history.
What is the average cost per square foot for a restaurant in Norwalk?
The average cost per square foot for a restaurant in Norwalk is $1,126 USD per square foot, with 3 available listings, and an average size of 4,635 square feet.
What factors determine the value of a restaurant for sale in Norwalk?
The value of a restaurant for sale in Norwalk is determined by a combination of factors, including:
- the average price per square foot, which is currently $1,126 USD per square foot, and the average size of the restaurant, which is approximately 4,635 square feet;
- the average cap rate, which is currently 4.75%, and the potential for revenue growth;
- the location and accessibility of the restaurant, with proximity to major transportation hubs like the Norwalk C Line station and the Santa Ana Freeway (I-5), as well as the local demographics and competition.
