Redding, California, is an attractive location for investors seeking to purchase a restaurant, with 4 available listings to choose from. Restaurants in Redding offer a unique opportunity to tap into the city's growing economy, which is driven by a diverse range of industries, including healthcare, retail, education, and government services. As a restaurant owner in Redding, you'll have the chance to cater to a population of around 100,000 people, many of whom are employed by major companies like In-N-Out Burger, Core Airlines, and Dignity Health. The city's amenities, such as the Redding Regional Airport, Benton Airpark, and Shasta College, make it an attractive destination for both locals and tourists. Additionally, Redding's scenic location, surrounded by mountains and fertile farmland, provides a unique setting for restaurants to offer outdoor dining options and capitalize on the city's natural beauty.
Restaurants in Redding are just one of the many property types available in the city, which also include Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. Each of these property types offers a unique investment opportunity, with Apartment Buildings providing a steady stream of rental income, Shopping Centers offering a chance to capitalize on retail sales, and Specialty Properties and Hotels catering to the city's growing tourism industry. With its diverse economy, scenic location, and range of amenities, Redding is an attractive location for investors seeking to purchase a restaurant or other property type. Whether you're looking to tap into the city's growing healthcare industry or capitalize on its natural beauty, Redding has something to offer.
What is the average cost per square foot for a restaurant in Redding?
According to current listings, the average cost per square foot for a restaurant in Redding is $1,647 USD per square foot, with an average size of 4,580 square feet and a largest size available of 9,446 square feet, among 4 available listings.
What factors determine the value of a restaurant for sale in Redding?
When evaluating the value of a restaurant for sale in Redding, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Redding Regional Airport and Benton Airpark, as well as accessibility to Interstate 5! CA 299, CA 44, and CA 273, playing a significant role in determining foot traffic and customer accessibility.
- The restaurant's size, with an average size of 4,580 square feet, and a maximum size of 9,446 square feet, influencing the seating capacity, kitchen space, and overall operational efficiency.
- The restaurant's financial performance, including the average cap rate of 5.77%, which affects the property's potential return on investment, as well as the average price per square foot of $1,647 USD, which impacts the overall purchase price.
