Tallahassee, Florida, offers a unique opportunity for investors to tap into the city's diverse economy and growing population of around 190,000 people. Restaurants for sale in Tallahassee can be a lucrative investment, as the city is home to three major educational institutions, including Florida State University, Florida A&M University, and Tallahassee Community College, which attract a large student population and faculty. Additionally, the city's government institutions, law firms, and research facilities like the National High Magnetic Field Laboratory contribute to a diverse economy. Tallahassee's amenities, such as hospitals like Tallahassee Memorial Healthcare and Capital Regional Medical Center, and sports facilities like the Tallahassee SC soccer club, make it an attractive location for businesses and residents alike. The city's location, with its hilly terrain and proximity to Lake Jackson and Lake Lafayette, also provides a unique setting for restaurants to thrive.
With 14 restaurants for sale in Tallahassee, investors have a range of options to choose from. From casual eateries to fine dining establishments, restaurants in Tallahassee can cater to the diverse tastes of the city's population. In addition to restaurants, Tallahassee also offers opportunities for investment in other property types, such as apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings near the universities can provide a steady stream of renters, while shopping centers along major highways like Interstate 10 and U.S. Route 27 can attract a high volume of customers. Specialty properties, like those in the Railroad Square Art Park, can offer a unique blend of art, culture, and entertainment, while hotels near the Tallahassee International Airport can cater to business travelers and tourists alike. Overall, Tallahassee's diverse economy and growing population make it an attractive location for investors looking to capitalize on the city's potential.
What is the average cost per square foot for a restaurant in Tallahassee?
As of now, there are 14 available listings of restaurants for sale in Tallahassee, with an average price per square foot of $468 USD and an average size of 5,042 square feet, making it an attractive option for entrepreneurs and investors looking to capitalize on the city's strong economy and growing population.
What factors determine the value of a restaurant for sale in Tallahassee?
When evaluating the value of a restaurant for sale in Tallahassee, several key factors come into play, including:
- Location, with proximity to major attractions like Florida State University, the state capitol, and downtown areas influencing foot traffic and customer demand;
- Size and layout, with restaurants ranging from 5,042 square feet to 13,724 square feet, and cap rates averaging 6.83%;
- Financial performance, including revenue, profit margins, and cash flow, as well as the overall condition and age of the property, with 14 available listings to choose from.
