Pawtucket, Rhode Island, offers a unique opportunity for investors to capitalize on the city's rich history and diverse economy. With 2 restaurants for sale, Pawtucket presents a chance to invest in a property type that can cater to the city's population of approximately 75,000 residents. Restaurants can be a lucrative investment, providing a space for social gatherings, entertainment, and cultural exchange. In Pawtucket, restaurants can benefit from the city's mix of residential, commercial, and industrial areas, as well as its proximity to notable institutions like Hasbro, Fox Point Pickles, and various healthcare, retail, and insurance companies. The city's infrastructure, including transportation services like RIPTA local bus routes and the R-Line, also supports the success of restaurants. Additionally, Pawtucket's Downtown Circulator and the "S-curves" near downtown provide easy access to the city's central areas. With attractions like McCoy Stadium and the upcoming Rhode Island FC soccer team, Pawtucket is a great place for business and travel.
Pawtucket's restaurants are situated in a city with a rich history and cultural significance. The city's diverse economy, which includes toy and game manufacturing, healthcare, retail, insurance, and pickling, provides a unique context for restaurants to thrive. Nearby, apartment buildings offer a range of residential options, while shopping centers like the ones along the "S-curves" provide a hub for commercial activity. Specialty properties, such as the Lorraine Mills, which houses Mixed Magic Theatre and Wage House, add to the city's cultural landscape. Hotels, like those near the Pawtucket/Central Falls station, cater to visitors and business travelers. With an average price per square foot of $320 USD and an average size of 4,000 square feet, restaurants in Pawtucket offer a range of investment opportunities. The largest restaurant available is 5,000 square feet, providing ample space for a variety of dining concepts. With an average cap rate of , restaurants in Pawtucket present a stable investment opportunity. Overall, Pawtucket's restaurants are an integral part of the city's economy and culture, offering a unique chance for investors to capitalize on the city's rich history and diverse economy.
What is the average cost per square foot for a restaurant in Pawtucket?
The average cost per square foot for a restaurant in Pawtucket is $320 USD per square feet, with an average size of 4,000 square feet and a largest size of 5,000 square feet, making it an attractive option for restaurateurs looking to establish a presence in this city with a rich history and diverse demographic makeup.
What factors determine the value of a restaurant for sale in Pawtucket?
When evaluating the value of a restaurant for sale in Pawtucket, several key factors come into play, including:
- Location, with proximity to major transportation routes like Interstate 95 and U.S. 1, as well as foot traffic in areas like Downtown Pawtucket, impacting the restaurant's accessibility and visibility;
- The restaurant's size, with an average size of 4,000 square feet, and a maximum size of 5,000 square feet, influencing the seating capacity, kitchen space, and overall operational efficiency;
- The restaurant's financial performance, with an average cap rate of and an average price per square foot of $320 USD, affecting the potential return on investment for buyers.
