Redlands, California, is a city that offers a unique blend of history, culture, and community, making it an attractive location for investors looking to purchase a restaurant. With its well-maintained areas, historic landmarks, and cultural attractions, Redlands provides a charming backdrop for a restaurant business. Restaurants in Redlands can cater to a diverse range of customers, from locals to tourists, and offer a variety of cuisines to suit different tastes. The city's downtown area, with its bars, restaurants, and retail plaza, is a hub of activity, and the presence of institutions like the University of Redlands and Esri, a local software company, ensures a steady stream of customers. Additionally, Redlands' proximity to San Bernardino and Los Angeles makes it an ideal location for restaurants that want to attract customers from surrounding areas. The city's amenities, infrastructure, and geography make it an attractive location for restaurant owners, with plenty of opportunities for growth and development.
Redlands is home to a variety of restaurants, from fine dining establishments to casual eateries, and the city's culinary scene is enhanced by the presence of local attractions like the Redlands Bowl Summer Music Festival and the Lincoln Pilgrimage. The city's restaurants can also benefit from the presence of nearby shopping centers, such as the Citrus Plaza/Mountain Grove, and the historic Redlands Santa Fe Depot District. In addition to restaurants, Redlands also offers a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's apartment buildings offer a range of options for investors, from luxury complexes to affordable housing. Shopping centers like the Citrus Plaza/Mountain Grove provide a hub for retail activity, while specialty properties like the Redlands Bowl offer unique opportunities for businesses that want to capitalize on the city's cultural attractions. Hotels in Redlands, such as those located near the University of Redlands, cater to visitors and provide a range of amenities and services. With its diverse range of commercial properties, Redlands offers investors a range of opportunities to suit different needs and goals.
What is the average cost per square foot for a restaurant in Redlands?
The average cost per square foot for a restaurant in Redlands is $375 USD per square foot, with an average size of 9,049 square feet and a largest size of 11,440 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Redlands?
The value of a restaurant for sale in Redlands is determined by a combination of factors, including:
- Location, with proximity to popular attractions like the Redlands Bowl and downtown area, as well as accessibility to major transportation facilities like the Arrow commuter rail service and Redlands Municipal Airport, playing a significant role;
- The average price per square foot, currently at $375 USD, and the average size of the restaurant, which is approximately 9,049 square feet, with the largest available space being 11,440 square feet;
- The average cap rate, currently at 5.04%, which indicates the potential return on investment, as well as the overall condition and amenities of the property, including the presence of a full kitchen, seating capacity, and outdoor dining areas.
