San Mateo, California, is an attractive location for investors seeking to purchase a restaurant, with 2 available listings to choose from. Restaurants in San Mateo offer a unique opportunity to tap into the city's diverse economy, which is driven by technology, health care, financial services, government, and retail trade. As a restaurant owner, you'll benefit from the city's strong demographics, with a population of approximately 110,000 residents and a high median household income. San Mateo's amenities, such as the Main Library, Hillsdale Library, and Marina Library, as well as its parks, including Central Park and Beresford Park, create a desirable environment for residents and visitors alike. The city's location on the San Francisco Peninsula, with proximity to major transportation hubs like Caltrain and US-101, makes it an ideal spot for restaurants catering to both locals and commuters.
San Mateo's restaurant scene is just one aspect of the city's diverse commercial landscape. In addition to restaurants, investors can explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in San Mateo offer a chance to capitalize on the city's strong rental market, while shopping centers provide a platform for retailers to tap into the local consumer base. Specialty properties, such as office buildings and medical facilities, cater to the city's thriving technology and health care sectors. Hotels in San Mateo, meanwhile, serve the city's growing tourism industry, which is driven by attractions like Coyote Point Park and the San Mateo County History Museum. With its unique blend of economic sectors and amenities, San Mateo presents a compelling case for investors seeking to diversify their portfolios.
What is the average cost per square foot for a restaurant in San Mateo?
The average cost per square foot for a restaurant in San Mateo is $868 USD per square feet, with an average size of 3,402 square feet and a largest size of 4,105 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in San Mateo?
When evaluating the value of a restaurant for sale in San Mateo, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Caltrain stations and highways, as well as foot traffic and visibility in popular areas like downtown San Mateo and Bay Meadows, significantly impacting a restaurant's value.
- The size and condition of the property, with average sizes ranging from 3,402 square feet to 4,105 square feet, and the overall condition of the building and equipment affecting the sale price.
- Financial performance, including the average cap rate of and the average price per square foot of $868 USD, which can influence the value of a restaurant for sale in San Mateo, with 2 available listings to consider.
