Portland, Oregon, is a prime location for investing in restaurants, with a population of over 650,000 and a strong economy driven by industries such as technology, athletic/outdoor gear, and manufacturing. Restaurants in Portland offer a unique opportunity to capitalize on the city's reputation as a hub for foodies and coffee enthusiasts. With a wide range of cuisines and dining experiences, restaurants can cater to the diverse tastes of Portland's residents and visitors. From casual eateries to fine dining establishments, restaurants in Portland can thrive in a city that values local businesses and community engagement. The city's infrastructure, including the MAX light rail system, Portland Streetcar, and major highways, makes it easy for customers to access restaurants throughout the city. Additionally, Portland's many amenities, such as parks, gardens, and educational institutions, create a desirable environment for restaurants to operate.
Portland's restaurant scene is just one aspect of the city's diverse commercial landscape. In addition to restaurants, investors can explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Portland offer a chance to capitalize on the city's growing population and limited housing supply. Shopping centers, such as those found in the Hawthorne District, provide a unique retail experience that combines local boutiques with national chain stores. Specialty properties, like those in the Pearl District, offer a chance to invest in unique and creative spaces. Hotels, such as those in the downtown area, cater to the city's many visitors and business travelers. With 27 restaurants for sale in Portland, investors have a wide range of options to choose from. Whether you're looking to invest in a small café or a large restaurant chain, Portland has something to offer.
What is the average cost per square foot for a restaurant in Portland?
The average cost per square foot for a restaurant in Portland is $413 USD per square foot, with an average size of 6,679 square feet and a largest size of 17,480 square feet, among the 27 available listings of restaurants for sale in the city.
What factors determine the value of a restaurant for sale in Portland?
The value of a restaurant for sale in Portland is determined by a combination of factors, including:
- Location, with proximity to popular attractions, public transportation, and high foot traffic areas increasing desirability and value;
- Size and layout, with larger restaurants and those with flexible floor plans commanding higher prices;
- Financial performance, including revenue, profit margins, and cash flow, which can impact the sale price and attract more buyers.
