Port St. Lucie, Florida, is an attractive destination for investors seeking to capitalize on the city's growing demand for restaurants. With a population of around 200,000, Port St. Lucie offers a diverse customer base for restaurants, from families and young professionals to retirees and tourists. Restaurants in Port St. Lucie can represent a range of investments, from casual eateries and fine dining establishments to cafes and bars. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, the presence of Indian River State College, Keiser University, and Fortis Institute ensures a steady flow of students and faculty looking for dining options. The city's proximity to major roadways, expressways, and rail lines also makes it easily accessible to customers from surrounding areas. Additionally, attractions like the PGA Village golf complex, Clover Park, and Veterans Memorial Park draw visitors and locals alike, creating a potential customer base for restaurants. Overall, Port St. Lucie is a great place for business and travel, with its warm climate, beautiful parks, and exciting events like the festivities held year-round at Tradition Square.
With 4 restaurants for sale in Port St. Lucie, investors have a range of options to choose from. The city's restaurants vary in size, with an average size of 1,725 square feet and a largest size of 3,000 square feet. The average price per square foot is $881 USD, and the average cap rate is 8.04%. In addition to restaurants, Port St. Lucie also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For instance, the city's apartment buildings offer a range of amenities, including poolside living and proximity to major employers like Core Communities and General Development Corporation. Shopping centers in Port St. Lucie provide a mix of local boutiques and national chain stores, catering to the city's diverse population. Specialty properties, like the PGA Village golf complex, offer unique investment opportunities, while hotels in the city cater to tourists and business travelers alike. Overall, Port St. Lucie presents a diverse range of investment opportunities, making it an attractive destination for investors seeking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Port St. Lucie?
Based on current listings, the average cost per square foot for a restaurant in Port St. Lucie is $881 USD per square foot, with 4 available listings ranging in size from 1,725 square feet to 3,000 square feet, offering a variety of options for entrepreneurs and investors looking to establish a presence in this growing city.
What factors determine the value of a restaurant for sale in Port St. Lucie?
When evaluating the value of a restaurant for sale in Port St. Lucie, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 95 and Florida's Turnpike, as well as accessibility to local amenities like Veterans Memorial Park and the PGA Village golf complex, impacting foot traffic and customer draw;
- Size and layout, with average restaurant sizes in Port St. Lucie ranging from 1,725 square feet to 3,000 square feet, and a sale price per square foot of $881 USD, influencing operational efficiency and revenue potential;
- Financial performance, including the average cap rate of 8.04%, which affects the restaurant's profitability and attractiveness to potential buyers, as well as the overall demand for restaurants in Port St. Lucie, with 4 available listings.
