Roanoke, Virginia, offers a unique opportunity for investors to tap into the city's growing food scene with its 4 restaurants for sale. As the largest city in Virginia west of Richmond, Roanoke's strategic location and diverse economy make it an attractive destination for restaurateurs. Restaurants in Roanoke can cater to a range of customers, from locals to tourists, and offer a variety of cuisines to suit different tastes. With its rich history, outdoor amenities, and cultural attractions, Roanoke provides a unique setting for restaurants to thrive. The city's infrastructure, including transportation facilities and utilities, supports businesses, making it an ideal location for restaurant investments. Additionally, Roanoke's institutions, such as Roanoke College and Hollins University, provide a steady stream of customers, while its arts and cultural scene, including the Taubman Museum of Art and the Science Museum of Western Virginia, attract visitors from across the region.
Roanoke's restaurants are part of a larger commercial landscape that includes 4 restaurants, as well as apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of options for residents, from luxury apartments to affordable housing. Shopping centers, such as Valley View Mall, provide a convenient location for retailers, while specialty properties, like the historic train station, offer unique opportunities for businesses. Hotels, including the Hotel Roanoke, cater to tourists and business travelers, supporting the local economy. With its diverse range of properties, Roanoke offers investors a wealth of opportunities to tap into the city's growth and development. The city's amenities, including Carilion Clinic and Lewis-Gale Medical Center, and its outdoor attractions, such as Mill Mountain and Carvins Cove, make it an attractive location for businesses and residents alike. Overall, Roanoke's restaurants, along with its other commercial properties, contribute to a thriving business environment that supports the local economy and attracts visitors from across the region.
What is the average cost per square foot for a restaurant in Roanoke?
The average cost per square foot for a restaurant in Roanoke is $225 USD per square feet, with an average size of 13,550 square feet and a largest size of 47,500 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Roanoke?
When evaluating the value of a restaurant for sale in Roanoke, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 581, U.S. Route 220, and the Roanoke–Blacksburg Regional Airport, as well as access to outdoor amenities like the Blue Ridge Mountains and the Roanoke River, influencing foot traffic and customer demographics;
- Financial performance, with metrics such as average cap rate, average price per square foot, and average size in square feet (13,550 square feet) impacting the restaurant's value;
- Local market conditions, including the presence of major employers like Carilion Clinic and Norfolk Southern Railway, and the overall economic landscape of Roanoke, which can affect consumer spending habits and the demand for dining options.
