Redmond, Washington, a city located 15 miles east of Seattle, offers a unique opportunity for investors to own a piece of the city's growing food scene with its 1 restaurants for sale. Restaurants in Redmond can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to the city's diverse population of approximately 70,000 residents. With its strong technology industry, led by companies like Microsoft and Nintendo of America, Redmond attracts a diverse range of professionals and families who appreciate a wide range of dining options. The city's amenities, such as Marymoor Park and the Redmond Central Connector, provide a high quality of life that supports a strong demand for restaurants. Additionally, Redmond's location near Seattle and its growing downtown area make it an attractive location for businesses and travelers alike.
Restaurants in Redmond are part of a larger commercial real estate market that includes apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Redmond offer investors the opportunity to capitalize on the city's growing population and limited housing supply. Shopping centers, such as the Redmond Town Center, provide a hub for retail and dining activity, while specialty properties, like the DigiPen Institute of Technology, offer unique investment opportunities. Hotels, such as those located near the Microsoft campus, cater to the city's business travelers and tourists. With its diverse economy and growing population, Redmond presents a compelling opportunity for investors to own a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Redmond?
The average cost per square foot for a restaurant in Redmond is $878 USD per square feet, with an average size of 2,220 square feet and a largest size of 2,220 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in Redmond?
When evaluating the value of a restaurant for sale in Redmond, several key factors come into play, including:
- Location, with proximity to major employers like Microsoft and Nintendo of America, as well as accessibility to transportation hubs like State Route 520 and the upcoming Sound Transit light rail service, impacting foot traffic and customer demographics.
- The size and layout of the restaurant, with average sizes ranging from 2,220 square feet to 2,220 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs.
- Financial performance, including the average price per square foot of $878 USD and average cap rate of , which influence the restaurant's profitability and potential for growth.
