Quincy, Massachusetts, a city with a rich history dating back to the 17th century, offers a unique opportunity for investors to tap into its diverse economy and growing population of around 101,636 people. Restaurants for sale in Quincy present an attractive investment option, given the city's strong infrastructure, including transportation facilities like the Massachusetts Bay Transportation Authority (MBTA) subway system and access to state highways like Interstate 93 and U.S. Route 1. With a mix of historical sites, beaches, and connection to American history, Quincy attracts tourists and locals alike, creating a demand for restaurants that cater to various tastes and preferences. The city's amenities, such as hospitals, parks, and sports facilities, also contribute to its appeal, making it an ideal location for restaurant owners. Additionally, Quincy's educational institutions, including Eastern Nazarene College and Quincy College, ensure a steady flow of students and faculty who frequent local eateries.
With 1 restaurants for sale in Quincy, investors have a range of options to choose from. Quincy's diverse economy, which includes manufacturing, heavy industry, professional services, and the service sector, supports a variety of restaurants, from casual eateries to fine dining establishments. The city's proximity to Boston and its connection to the regional subway system through the MBTA Red Line stations at North Quincy, Wollaston, Quincy Center, and Quincy Adams make it an attractive location for restaurants that cater to commuters and tourists. In addition to restaurants, Quincy also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels, each with its unique characteristics and advantages. For instance, apartment buildings in Quincy offer a steady income stream, while shopping centers provide a hub for local commerce. Specialty properties, such as those near the Quincy Medical Center or Eastern Nazarene College, cater to specific demographics, and hotels in Quincy benefit from the city's tourist attractions. Overall, Quincy presents a unique blend of history, culture, and economic opportunities, making it an attractive location for investors seeking to diversify their portfolios.
What is the average cost per square foot for a restaurant in Quincy?
The average cost per square foot for a restaurant in Quincy is $496 USD per square feet, with an average size of 3,025 square feet and a largest size of 3,025 square feet, making Quincy an attractive option for restaurateurs looking to establish a presence in this historic coastal city.
What factors determine the value of a restaurant for sale in Quincy?
When evaluating the value of a restaurant for sale in Quincy, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the MBTA Red Line stations and highways like Interstate 93 and U.S. Route 1, as well as access to amenities like beaches and historical sites, impacting foot traffic and customer accessibility;
- Size and layout, with average restaurant sizes in Quincy ranging from 3,025 square feet to 3,025 square feet, and the ability to accommodate a certain number of customers and staff;
- Financial performance, including the average cap rate of and the average price per square foot of $496 USD, which can indicate the restaurant's profitability and potential for growth.
