St. George, Utah, is a prime location for investing in restaurants, with a strong economy driven by tourism, manufacturing, and new home construction. The city's proximity to the Mojave Desert and the Pine Valley Mountains, as well as its numerous state parks, including Zion National Park and The Grand Canyon, make it an attractive destination for visitors and residents alike. With a population of around 95,000 residents, St. George offers a diverse range of amenities, including the Canyons Softball Complex, Little Valley Softball Complex, Pioneer Park, and the Tonaquint Nature Center, making it an ideal location for restaurants to cater to the local community and tourists. The city's infrastructure, including St. George Regional Hospital, City of St. George Power, and Dixie Power, ensures that businesses have access to the necessary resources to thrive. Additionally, the presence of notable companies like SkyWest Airlines and Walmart in the area contributes to the city's economic growth. With 2 restaurants for sale in St. George, investors have a wide range of options to choose from, with average prices per square foot of $525 USD and average sizes of 6,045 square feet.
St. George's restaurant scene is complemented by its other commercial properties, including apartment buildings, shopping centers, and specialty properties, which provide a diverse range of investment opportunities. The city's hotels, such as the Hilton Garden Inn St. George and the Hyatt Place St. George, cater to the influx of tourists and business travelers, while its apartment buildings, like the Bloomington Hills and the Ledges, offer residents a range of housing options. Shopping centers, including the Red Cliffs Mall and the Outlets at Zion, provide a convenient shopping experience for locals and visitors alike. With its unique blend of natural beauty, outdoor recreational opportunities, and cultural attractions, St. George is an attractive location for investors looking to capitalize on its growing economy and diverse range of commercial properties. Whether you're looking to invest in a restaurant, apartment building, shopping center, or hotel, St. George has something to offer.
What is the average cost per square foot for a restaurant in St. George?
The average cost per square foot for a restaurant in St. George is $525 USD per 6,045 square feet.
What factors determine the value of a restaurant for sale in St. George?
The value of a restaurant for sale in St. George is determined by a combination of factors, including:
- Location, with proximity to popular tourist attractions, such as Zion National Park, and high-traffic areas, like downtown St. George, contributing to a higher value;
- The restaurant's size, with an average size of 6,045 square feet, and largest size of 7,000 square feet, affecting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $525 USD and average cap rate of 3.75%, which can impact its overall value and attractiveness to potential buyers.
