Spokane, Washington, is a prime location for investing in restaurants, with a population of over 200,000 residents and a diverse economy driven by industries such as manufacturing, health sciences, and technology. Restaurants in Spokane offer a unique blend of urban and natural landscapes, with scenic surroundings, including the Selkirk Mountains and Rocky Mountain foothills. With a strong presence of universities like Gonzaga University and Whitworth University, Spokane attracts a diverse crowd of students, professionals, and families, creating a demand for a variety of dining options. The city's infrastructure, including municipal water, wastewater management, and solid waste management services, provides a solid foundation for businesses to operate. Additionally, Spokane's transportation facilities, such as the Spokane International Airport and the Spokane Intermodal Center, make it easily accessible to visitors and residents alike.
With 4 restaurants for sale in Spokane, investors have a range of options to choose from. From casual eateries to fine dining establishments, Spokane's restaurant scene caters to a wide range of tastes and preferences. The city's amenities, including hospitals, parks, and sports facilities, create a desirable environment for residents and visitors. In addition to restaurants, Spokane also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Spokane offer a stable source of income, with a strong demand for housing driven by the city's growing population. Shopping centers, on the other hand, provide a hub for commercial activity, with a range of retail and dining options. Specialty properties, such as office buildings and warehouses, cater to the city's diverse economy, while hotels offer a convenient option for visitors and travelers. Overall, Spokane presents a unique opportunity for investors to diversify their portfolios and capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Spokane?
The average cost per square foot for a restaurant in Spokane is $348 USD per square foot, with an average size of 3,212 square feet and a largest size available of 5,520 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 Spokane?
When evaluating the value of a restaurant for sale in Spokane, several key factors come into play, including:
- Location, with proximity to popular attractions like Riverfront Park and Gonzaga University, as well as accessibility to major roads like I-90, influencing foot traffic and customer base;
- Size and layout, with average restaurant sizes in Spokane ranging from 3,212 square feet to 5,520 square feet, and the ability to accommodate a desired number of patrons;
- Financial performance, including average cap rates of and average price per square foot of $348 USD, which can impact the overall value of the restaurant.
