Riverside, California, offers a unique opportunity for investors to capitalize on the city's diverse landscape and rich history. With a population of around 315,000, Riverside is a significant city in Southern California, providing a mix of history, culture, and natural beauty. Restaurants for sale in Riverside present an attractive investment option, as the city's economy is supported by a diverse range of industries, including light-industry, manufacturing, legal services, accounting services, engineering services, and banking. Additionally, the presence of institutions like the University of California, Riverside, and companies like Bourns, Inc., an American electronics company, contribute to the city's economic growth. Riverside's amenities, such as the Riverside National Cemetery, the Riverside Sports Complex, and the Fox Performing Arts Center, make it an attractive location for businesses and residents alike.
Riverside's restaurants for sale offer a unique blend of history, culture, and entertainment. With 11 available listings, investors can choose from a variety of options. The average price per square foot is $1,184 USD, and the average size is 7,582 square feet, with the largest size being 54,000 square feet. The average cap rate is 4.73%. In addition to restaurants, Riverside also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Riverside offer a unique opportunity to capitalize on the city's growing population, while shopping centers provide a chance to tap into the local retail market. Specialty properties, like the historic Mission Inn, offer a unique blend of history and culture, and hotels provide a chance to capitalize on the city's tourism industry. Overall, Riverside presents a unique opportunity for investors to diversify their portfolio and capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Riverside?
The average cost per square foot for a restaurant in Riverside is $1,184 USD per square foot, with an average size of 7,582 square feet and a largest size available of 54,000 square feet, among the 11 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Riverside?
When evaluating the value of a restaurant for sale in Riverside, several key factors come into play, including:
- Location, with proximity to popular attractions like the Mission Inn and the Riverside Fox Theater, as well as access to major transportation facilities like the Interstate 215 and State Route 60, being highly desirable;
- The restaurant's size, with an average size of 7,582 square feet, and largest size of 54,000 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $1,184 USD and average cap rate of 4.73%, which can indicate the restaurant's profitability and potential for growth.
