Palmdale, California, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse industries. With 2 restaurants for sale, Palmdale offers a range of investment opportunities in the food service sector. Restaurants in Palmdale can represent a variety of investments, from casual eateries to fine dining establishments, catering to the city's diverse population of approximately 170,000 residents. The city's strong aerospace industry, manufacturing sector, and retail centers create a solid foundation for businesses to thrive. Additionally, Palmdale's agricultural production, particularly onions, contributes to the local economy. The city's amenities, such as the Palmdale Regional Medical Center, Legacy Commons, and the Larry Chimbole Cultural Center, make it an attractive place to live, work, and invest. Palmdale's location, situated near the San Gabriel Mountains, also provides easy access to Los Angeles and other surrounding cities, making it an ideal spot for businesses and travelers alike.
Restaurants in Palmdale are part of a larger economic landscape that includes a strong aerospace industry, manufacturing, retail, agriculture, and medical services. The city's economy is also supported by major corporations like Lockheed Martin, Northrop Grumman, and Boeing. In addition to restaurants, Palmdale offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Palmdale can provide a steady income stream, while shopping centers offer a chance to capitalize on the city's retail sector. Specialty properties, such as those catering to the aerospace industry, can provide a unique investment opportunity, and hotels can benefit from the city's proximity to Los Angeles and its tourist attractions. With its diverse economy and range of investment opportunities, Palmdale is an attractive destination for investors seeking to capitalize on the city's growth and potential.
What is the average cost per square foot for a restaurant in Palmdale?
The average cost per square foot for a restaurant in Palmdale is $498 USD per square foot, with an average size of 36,418 square feet and a largest size of 70,497 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Palmdale?
When evaluating the value of a restaurant for sale in Palmdale, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Palmdale Transportation Center and the LA/Palmdale Regional Airport, as well as access to main roads like the Antelope Valley Freeway, State Route 138, and State Route 18, being highly desirable;
- The restaurant's size, with an average size of 36,418 square feet, and a maximum size of 70,497 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $498 USD, average cap rate of 6.96%, and overall profitability, which can be influenced by the local economy, competition, and demographics.
