Restaurants for sale in Palm Bay offer a unique investment opportunity in a city with a strong economy and growing population of approximately 120,000 residents. As a popular destination for tourists and locals alike, restaurants in Palm Bay can cater to a diverse range of customers. Whether you're looking to invest in a casual dining establishment, a fine dining restaurant, or a quick-service eatery, there are many options to choose from. Palm Bay's infrastructure, including major roads like U.S. 1 and Interstate 95, makes it an attractive location for businesses that rely on foot traffic and easy accessibility. The city's focus on developing its riverfront area for tourism also presents opportunities for restaurants to capitalize on the growing number of visitors. Additionally, the presence of notable employers like L3Harris Technologies and Intersil contributes to a strong local economy, making Palm Bay an attractive location for businesses. With its warm climate, scenic natural surroundings, and abundance of outdoor recreational activities, Palm Bay is an ideal location for restaurants that offer a unique dining experience.
With 1 restaurants for sale in Palm Bay, investors have a range of options to choose from. In addition to restaurants, Palm Bay also offers opportunities to invest in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Palm Bay offer a steady stream of income and the potential for long-term appreciation in value. Shopping centers in the city provide a hub for local businesses and services, while specialty properties offer a unique opportunity to invest in a niche market. Hotels in Palm Bay cater to the city's growing tourism industry, providing a convenient and comfortable place for visitors to stay. Overall, Palm Bay presents a diverse range of investment opportunities for those looking to capitalize on the city's growing economy and popularity.
What is the average cost per square foot for a restaurant in Palm Bay?
The average cost per square foot for a restaurant in Palm Bay is $1,496 USD per square foot, with an average size of 2,500 square feet and a largest size of 2,500 square feet, among the 1 available listings.
What factors determine the value of a restaurant for sale in Palm Bay?
The value of a restaurant for sale in Palm Bay is determined by several key factors, including:
- Location, with proximity to major roads like Interstate 95 and U.S. 1, as well as accessibility to local amenities like the Fred Poppe Regional Park and Turkey Creek Sanctuary, playing a significant role in attracting customers;
- The size and condition of the property, with an average size of 2,500 square feet and a largest size of 2,500 square feet, as well as the overall condition and age of the building, impacting the restaurant's operational efficiency and appeal;
- Financial performance, including the average price per square foot of $1,496 USD and an average cap rate of 5.75%, which can indicate the restaurant's profitability and potential for growth.
