Spokane Valley, Washington, is an attractive location for investors seeking to purchase a restaurant, with its growing population of approximately 100,000 residents and a strong economy driven by healthcare, utilities, and public safety. Restaurants in Spokane Valley offer a diverse range of investment opportunities, from casual eateries to fine dining establishments, catering to the city's residents, visitors, and employees of major corporations like MultiCare Health System, Providence Health & Services, and Avista Utilities. The city's infrastructure, including MultiCare Valley Hospital, Spokane Valley Police Department, and Avista Utilities, provides a solid foundation for businesses to thrive. Additionally, Spokane Valley's amenities, such as Mirabeau Point Park, the Spokane Valley Heritage Museum, and the Spokane Indians minor league baseball team, make it an attractive location for both residents and visitors, increasing the potential for restaurants to attract a loyal customer base.
With 2 restaurants for sale in Spokane Valley, investors have a range of options to choose from. The average price per square foot for restaurants in Spokane Valley is $293 USD, with an average size of 2,543 square feet and a largest size of 2,914 square feet. The average cap rate for restaurants in Spokane Valley is. In addition to restaurants, Spokane Valley also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels, each with its unique characteristics and advantages. For instance, apartment buildings in Spokane Valley offer a stable source of income, while shopping centers provide a diverse range of retail and dining options. Specialty properties, such as office buildings and warehouses, cater to the city's growing business sector, and hotels serve the city's visitors and tourists. With its diverse economy and range of investment opportunities, Spokane Valley is an attractive location for investors seeking to diversify their portfolio.
What is the average cost per square foot for a restaurant in Spokane Valley?
The average cost per square foot for a restaurant in Spokane Valley is $293 USD per square foot, with an average size of 2,543 square feet and a largest size of 2,914 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Spokane Valley?
When evaluating the value of a restaurant for sale in Spokane Valley, several key factors come into play, including:
- Location, with proximity to major roads like Sprague Avenue and Interstate 90, as well as accessibility to local amenities like Mirabeau Point Park, influencing foot traffic and customer draw;
- Size and layout, with the average restaurant size in Spokane Valley being 2,543 square feet, and larger spaces like 2,914 square feet commanding higher prices;
- Financial performance, including the average cap rate of , which can impact the overall value of the restaurant, as well as the asking price per square foot, currently averaging $293 USD.
