Scottsdale, Arizona, is a prime location for investing in restaurants, with its strong economy and growing population of over 240,000 residents. Restaurants in Scottsdale offer a unique opportunity to capitalize on the city's popularity as a tourist destination, with millions of visitors flocking to the area each year to enjoy its beautiful desert landscapes, outdoor recreational activities, and world-class amenities like the Mayo Clinic and Old Town Scottsdale. Whether you're looking to invest in a casual dining establishment, a fine dining restaurant, or a quick-service eatery, Scottsdale has a diverse range of options to suit your investment goals. The city's infrastructure, including the Scottsdale Municipal Airport and State Route 101, makes it easily accessible to visitors and residents alike, ensuring a steady stream of customers for your restaurant. Additionally, Scottsdale's strong economy, driven by industries like tourism, healthcare, and aviation, provides a solid foundation for businesses to thrive.
With 7 restaurants for sale in Scottsdale, there are plenty of opportunities to find the perfect investment property. From family-friendly eateries to upscale dining establishments, Scottsdale's restaurant scene offers something for everyone. The city's proximity to other popular destinations, such as Phoenix and the McDowell Mountains, makes it an attractive location for visitors and residents alike. In addition to restaurants, Scottsdale is also home to a range of other property types, including apartment buildings, shopping centers, specialty properties, and hotels, offering investors a diverse range of options to suit their investment goals. Whether you're looking to invest in a restaurant, apartment building, or shopping center, Scottsdale's strong economy and growing population make it an attractive location for businesses to thrive. With its unique blend of natural beauty, outdoor recreational activities, and world-class amenities, Scottsdale is an ideal location for investors looking to capitalize on the city's popularity as a tourist destination.
What is the average cost per square foot for a restaurant in Scottsdale?
For restaurants in Scottsdale, the average cost per square foot is $979 USD.
What factors determine the value of a restaurant for sale in Scottsdale?
When evaluating the value of a restaurant for sale in Scottsdale, several key factors come into play, including:
- Location, with proximity to popular attractions like Old Town Scottsdale, the McDowell Mountains, and the Scottsdale Stadium, as well as accessibility to major roads like Loop 101, significantly impacting the restaurant's visibility and foot traffic.
- The size and layout of the restaurant, with average sizes ranging from 16,374 square feet to 85,839 square feet, and the ability to accommodate a large number of customers, influencing the overall value of the property.
- The financial performance of the restaurant, including the average cap rate of 6.1%, which can indicate the potential return on investment for a buyer, as well as the average price per square foot of $979 USD, which can affect the overall sale price of the property.
