Tacoma, Washington, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of around 220,000, Tacoma provides a diverse customer base for restaurants, from families to young professionals. Restaurants in Tacoma can represent a range of investments, from casual eateries to fine dining establishments, each catering to different tastes and preferences. The city's amenities, infrastructure, and location make it an attractive place to invest in a restaurant. For instance, the University of Washington Tacoma and the T Line light rail service bring in a steady stream of students and commuters, while the restored urban waterfront along the Thea Foss Waterway offers a scenic backdrop for dining. Additionally, Tacoma's proximity to Seattle and its deep-water harbor, Commencement Bay, make it an ideal location for restaurants that cater to tourists and locals alike. With 4 restaurants for sale in Tacoma, investors have a wide range of options to choose from.
Tacoma's restaurant scene is characterized by its diversity and accessibility. The city's downtown area, with its Theater District, Central Business District, and Warehouse/Brewery District, offers a unique blend of old and new, with historic buildings converted into trendy restaurants and bars. Meanwhile, the Stadium District, shared with North Tacoma, is home to the Tacoma Dome, a popular venue for concerts and events. In addition to restaurants, Tacoma offers a range of other investment opportunities, including Apartment Buildings, with their steady rental income and potential for long-term appreciation; Shopping Centers, which provide a diverse range of retail spaces; Specialty Properties, such as office buildings and warehouses; and Hotels, which cater to the city's growing tourism industry. With its strong economy, diverse population, and attractive amenities, Tacoma is an excellent choice for investors looking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Tacoma?
The average cost per square foot for a restaurant in Tacoma is $1,020 USD per square feet, with an average size of 36,199 square feet and a largest size of 139,811 square feet, offering a range of options for restaurateurs looking to establish or expand their business in this city.
What factors determine the value of a restaurant for sale in Tacoma?
The value of a restaurant for sale in Tacoma is determined by a combination of factors, including:
- the restaurant's location, with proximity to popular attractions, public transportation, and high-traffic areas like Downtown Tacoma, the Stadium District, and the Ruston Way waterfront increasing its value;
- the restaurant's size, with larger spaces like 139,811 square feet commanding higher prices, and the average size of 36,199 square feet serving as a benchmark;
- the restaurant's financial performance, including its average cap rate of 6.82%, and its price per square foot, with an average of $1,020 USD per square foot influencing its overall value.
