Renton, Washington, offers a unique opportunity for investors to tap into the city's growing economy with its diverse range of restaurants for sale. As a hub for aerospace and manufacturing, Renton's strong economy is driven by major employers like Boeing Commercial Airplanes, Providence Health & Services, and Paccar, making it an attractive location for restaurants to cater to the local workforce and residents. With a population of over 100,000, Renton provides a sizable customer base for restaurants, and its proximity to Seattle and other surrounding cities ensures a steady stream of visitors. The city's infrastructure, including the Renton Municipal Airport, Interstate 5, and State Route 167, makes it easily accessible by car, air, or public transportation. Additionally, Renton's amenities, such as the Providence Health System administrative offices, the Renton Public Library, and the Virginia Mason Athletic Center, attract visitors and locals alike, creating a dynamic environment for restaurants to thrive.
Renton's restaurants for sale offer a range of investment opportunities, from casual eateries to fine dining establishments. With 1 restaurants currently available, investors can find the perfect fit for their business goals. In addition to restaurants, Renton also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors may consider apartment buildings near the Renton Technical College or shopping centers along the Interstate 405 corridor. Specialty properties, such as those near the Virginia Mason Athletic Center, can cater to sports enthusiasts and fans of the Seattle Seahawks. Hotels, like the Hyatt Regency at Southport, can take advantage of the city's growing tourism industry. Whatever the investment goal, Renton's diverse economy and attractions make it an attractive location for business owners and investors.
What is the average cost per square foot for a restaurant in Renton?
For those interested in investing in the culinary scene, the average cost per square foot for a restaurant in Renton is $654 USD per square foot, with available listings totaling 1 and average restaurant sizes ranging from 5,001 square feet to 5,001 square feet.
What factors determine the value of a restaurant for sale in Renton?
When evaluating the value of a restaurant for sale in Renton, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 5, Interstate 405, and State Route 167, as well as access to amenities like the Renton Municipal Airport and the Virginia Mason Athletic Center, impacting foot traffic and customer accessibility.
- Size and layout, with the average restaurant size in Renton being 5,001 square feet, and the largest available space being 5,001 square feet, influencing seating capacity, kitchen efficiency, and overall operational flow.
- Financial performance, including the average cap rate of 5.5% and the average price per square foot of $654 USD, which can indicate a restaurant's profitability and potential for growth.
