Raleigh, North Carolina, is a prime location for investing in restaurants, with 5 available listings. The city's diverse economy, rich history, and strong educational institutions make it an attractive spot for businesses. Restaurants in Raleigh can represent a range of investments, from casual eateries to fine dining establishments, and can cater to the city's growing population of around 470,000 people. Raleigh's amenities, such as the PNC Arena and the North Carolina Museum of Art, attract visitors and locals alike, creating a strong demand for restaurants. The city's infrastructure, including Raleigh Union Station and the Raleigh-Durham International Airport, makes it easily accessible for customers. Additionally, Raleigh is home to several major corporations, including Advance Auto Parts, Bandwidth, and Red Hat, providing a strong customer base for restaurants.
Raleigh's restaurant scene is diverse and growing, with a range of options available to suit different tastes and preferences. The city's proximity to several major universities, including North Carolina State University and Wake Technical Community College, ensures a steady stream of customers. In addition to restaurants, Raleigh also offers a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Raleigh offer a range of options for residents, from luxury high-rises to affordable complexes. Shopping centers in Raleigh, such as Crabtree Valley Mall, provide a convenient location for retailers. Specialty properties, like the North Carolina Museum of Art, offer unique opportunities for businesses. Hotels in Raleigh, including the Raleigh Marriott City Center, cater to visitors and business travelers. Overall, Raleigh's diverse range of commercial properties makes it an attractive location for investors.
What is the average cost per square foot for a restaurant in Raleigh?
The average cost per square foot for a restaurant in Raleigh is $628 USD per square foot, with an average size of 5,123 square feet and a largest size of 7,800 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city.
What factors determine the value of a restaurant for sale in Raleigh?
The value of a restaurant for sale in Raleigh is determined by a combination of factors, including:
- Location, with proximity to popular attractions, universities, and residential areas, such as Downtown Raleigh, Midtown Raleigh, and the Inside the Beltline area, impacting foot traffic and customer demand;
- Size and layout, with an average size of 5,123 square feet and a maximum size of 7,800 square feet, influencing seating capacity, kitchen space, and overall operational efficiency;
- Financial performance, including average cap rate of 4.72% and average price per square foot of $628 USD, which affect the restaurant's profitability and potential for growth.
