Pasco, Washington offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of approximately 70,000 residents, Pasco has experienced significant growth and development in recent years, making it an attractive location for businesses to establish themselves. Restaurants in Pasco can cater to a diverse range of customers, from families and young professionals to tourists and travelers. The city's proximity to the Columbia River and its scenic waterfront parks make it an ideal location for restaurants with outdoor seating areas. Additionally, Pasco's growing economy, driven by industries such as agriculture, food processing, and healthcare, provides a stable customer base for restaurants. The city's amenities, including the Pasco Farmers Market, Gesa Stadium, and HAPO Center, also attract visitors and locals alike, creating a steady stream of potential customers. With its central location and modern amenities, West Pasco is a popular neighborhood for new residents and businesses, making it an ideal location for restaurants to establish themselves.
Pasco's restaurant scene is characterized by a mix of local eateries, chain restaurants, and specialty food establishments. The city's restaurants offer a range of cuisines, from traditional American fare to international flavors. With 4 restaurants for sale in Pasco, investors have a variety of options to choose from, ranging from small, family-owned eateries to larger, more established restaurants. The average price per square foot for restaurants in Pasco is $445 USD, with an average size of 14,444 square feet. The largest restaurant for sale in Pasco has a total area of 44,908 square feet. In addition to restaurants, Pasco also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can find apartment buildings with amenities such as pool and fitness center, shopping centers with a mix of local and national retailers, specialty properties such as office buildings and medical facilities, and hotels with modern amenities and convenient locations. With its growing economy and diverse range of commercial properties, Pasco is an attractive location for investors looking to establish or expand their business presence.
What is the average cost per square foot for a restaurant in Pasco?
For those looking to invest in the restaurant industry in Pasco, Washington, the average cost per square foot for a restaurant is $445 USD per square foot, with an average size of 14,444 square feet and a largest size of 44,908 square feet available among the 4 listings currently on the market.
What factors determine the value of a restaurant for sale in Pasco?
When evaluating the value of a restaurant for sale in Pasco, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Pasco Intermodal Train Station and Tri-Cities Airport, as well as access to local amenities like the Pasco Farmers Market and Gesa Stadium, playing a significant role in determining value.
- The size and layout of the restaurant, with average sizes ranging from 14,444 square feet to 44,908 square feet, and the ability to accommodate a large number of customers influencing value.
- The financial performance of the restaurant, including the average cap rate of 5.35% and the average price per square foot of $445 USD, which can impact the overall value of the property.
