Orange, California is an attractive destination for investors seeking to capitalize on the city's strong economy and growing demand for restaurants. With 3 restaurants for sale, Orange offers a diverse range of investment opportunities, from casual eateries to fine dining establishments. Restaurants in Orange can represent a variety of investments, including standalone properties, strip centers, and mixed-use developments. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, Orange is home to Chapman University and Santiago Canyon College, which attract a large student population and create a demand for dining options. The city's proximity to major transportation hubs, such as the Santa Ana Freeway and John Wayne Airport, also makes it an attractive location for restaurants. Additionally, Orange's pleasant climate and historic Old Town District, with its preserved homes built before 1920, create a unique and inviting atmosphere that draws visitors and locals alike.
Orange's restaurant scene is characterized by its diversity and accessibility, with a range of options to suit different tastes and budgets. The city's economy is historically rooted in agriculture, particularly citrus fruit farming, and major industries include healthcare, education, and retail. In addition to restaurants, Orange is also home to a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's shopping centers, such as the Orange Mall, offer a mix of retail and dining options, while its specialty properties, like the historic Old Town District, provide a unique and charming atmosphere. Meanwhile, hotels, such as the Hotel Orange, cater to visitors and business travelers alike. With its strong economy, diverse range of investment opportunities, and attractive amenities, Orange is an excellent choice for investors seeking to capitalize on the city's growth and potential.
What is the average cost per square foot for a restaurant in Orange?
The average cost per square foot for a restaurant in Orange is $599 USD per square foot, with an average size of 6,570 square feet and a largest size of 8,104 square feet, among the 3 available listings.
What factors determine the value of a restaurant for sale in Orange?
When evaluating the value of a restaurant for sale in Orange, several key factors come into play, including:
- Location, with proximity to major attractions like Disneyland, Knott's Berry Farm, and popular beaches, as well as accessibility to major transportation hubs like John Wayne Airport and the Anaheim Regional Transportation Intermodal Center, influencing foot traffic and customer demographics;
- Size and layout, with the average restaurant size in Orange being 6,570 square feet, and larger spaces like 8,104 square feet commanding higher prices;
- Financial performance, including the average cap rate of 5.4% and the average price per square foot of $599 USD, which can impact the overall value of the restaurant.
