Pasadena, Texas, is a prime location for investing in restaurants, with its diverse economy, rich history, and strong cultural attractions. Restaurants in Pasadena offer a unique opportunity for entrepreneurs to capitalize on the city's growing population of approximately 150,000 residents. As a popular destination for both locals and tourists, Pasadena's restaurants can cater to a wide range of tastes and preferences. From family-friendly eateries to upscale dining establishments, the possibilities are endless. Pasadena's amenities, such as the Pasadena Freeway, Interstate 45, and the east side of the Sam Houston Tollway, make it an attractive location for businesses. The city's education institutions, including the University of Houston–Clear Lake and San Jacinto College, also contribute to a well-educated workforce. Additionally, Pasadena's cultural attractions, like the Pasadena Historical Museum and the Bay Area Museum, draw in visitors and locals alike, creating a lively atmosphere that is perfect for restaurants.
With 4 restaurants for sale in Pasadena, investors have a wide range of options to choose from. Pasadena's restaurants offer a unique blend of Texas charm and modern amenities, making them an attractive investment opportunity. In addition to restaurants, Pasadena also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Pasadena offer a steady stream of income, while shopping centers provide a hub for local commerce. Specialty properties, such as those near the Houston Ship Channel, offer a unique opportunity for businesses that rely on maritime trade. Hotels in Pasadena, meanwhile, cater to the city's many visitors and business travelers. Whatever the investment goal, Pasadena has something to offer.
What is the average cost per square foot for a restaurant in Pasadena?
The average cost per square foot for a restaurant in Pasadena is $234 USD per square feet, with an average size of 16,706 square feet and a largest size of 50,000 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Pasadena?
When evaluating the value of a restaurant for sale in Pasadena, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Houston Ship Channel and the Bayport shipping terminal, as well as popular attractions like the Pasadena Strawberry Festival, influencing foot traffic and customer base;
- Size and layout, with an average size of 16,706 square feet and a maximum size of 50,000 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 8.96% and the average price per square foot of $234 USD, which impact the restaurant's profitability and resale value.
