With 6 restaurants for sale in Toledo, Ohio, investors have a wide range of opportunities to tap into the city's growing food scene. As a hub for trade and commerce, Toledo's strategic location on the western edge of Lake Erie makes it an attractive spot for restaurants catering to locals and visitors alike. Whether you're looking to invest in a casual eatery, fine dining establishment, or specialty food shop, Toledo's diverse economy and demographics offer a promising environment for restaurants to thrive. The city's infrastructure, including the Toledo Area Regional Transit Authority (TARTA) and Toledo Express Airport, ensures easy access to amenities and attractions, making it an ideal location for restaurants. Additionally, Toledo's educational institutions, such as the University of Toledo, and major employers like ProMedica and Owens Corning, contribute to a stable and growing population. With attractions like the Toledo Museum of Art, Toledo Zoo, and Imagination Station, there's always something to draw in customers.
Toledo's restaurants for sale offer a unique opportunity to capitalize on the city's rich cultural heritage and strong economy. With a population of approximately 270,000, Toledo provides a sizable customer base for restaurants. The city's diverse neighborhoods, such as the Old West End and Birmingham, offer a range of settings for restaurants to establish themselves. In addition to restaurants, Toledo also boasts a variety of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, investors may find opportunities in apartment buildings near the University of Toledo or shopping centers along the Ohio Turnpike. Specialty properties, like those in the Vistula Historic District, offer a unique charm, while hotels near the Toledo Express Airport cater to travelers. With its strong economy and diverse attractions, Toledo provides a promising environment for investors to explore various commercial opportunities.
What is the average cost per square foot for a restaurant in Toledo?
The average cost per square foot for a restaurant in Toledo is $300 USD per square feet, with an average size of 12,906 square feet and a largest size of 22,862 square feet, among the 6 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Toledo?
When evaluating the value of a restaurant for sale in Toledo, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 75 and the Ohio Turnpike, as well as foot traffic in areas like downtown Toledo and the Vistula Historic District, impacting the restaurant's visibility and accessibility;
- The size and condition of the property, with average sizes ranging from 12,906 square feet to 22,862 square feet, and the overall condition influencing the restaurant's functionality and appeal;
- Financial performance, including the average cap rate of 7.77%, which can indicate the restaurant's potential for generating income and attracting investors.
