Torrance, California, offers a unique opportunity for investors to capitalize on the city's diverse economy and growing population of around 147,000 residents. Restaurants for sale in Torrance present an attractive investment option, given the city's balanced industrial landscape, which includes automotive manufacturing, aerospace, retail, and food production. With major corporations like American Honda Motor Company, Acura, and Robinson Helicopters based in Torrance, the city's economy is poised for continued growth. The city's infrastructure, including Zamperini Field airport, highways, and freeways, makes it an ideal location for businesses to thrive. Additionally, Torrance boasts a range of amenities, including Torrance Memorial Medical Center, Little Company of Mary Hospital, and several parks, such as Wilson Park and Columbia Park, which contribute to its appeal as a great place to live and work. The city's beachfront, 30 parks, and historical district known as Old Torrance further enhance its desirability. With 5 restaurants for sale in Torrance, investors have a range of options to choose from.
Torrance's diverse economy and growing population make it an attractive location for businesses, including restaurants. The city's infrastructure, amenities, and attractions, such as the Del Amo Fashion Center, one of the largest malls in the United States, and the Torrance Cultural Arts Center, which hosts various cultural events throughout the year, contribute to its appeal. In addition to restaurants, Torrance offers a range of other investment opportunities, including Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. For example, Apartment Buildings in Torrance offer a unique opportunity to capitalize on the city's growing population and demand for housing. Shopping Centers in Torrance provide a chance to invest in the city's retail sector, which is driven by major corporations and a strong local economy. Specialty Properties, such as those in the aerospace industry, offer a niche investment opportunity, while Hotels in Torrance cater to the city's growing tourism industry. With its diverse economy and range of investment opportunities, Torrance is an attractive location for businesses and investors alike.
What is the average cost per square foot for a restaurant in Torrance?
Currently, there are 5 available listings of restaurants for sale in Torrance, with an average price per square foot of $1,524 USD, and an average size of 6,153 square feet, ranging up to 24,256 square feet, making Torrance an attractive option for restaurateurs looking to establish or expand their business in a city with a strong economy, diverse population, and excellent infrastructure.
What factors determine the value of a restaurant for sale in Torrance?
When evaluating the value of a restaurant for sale in Torrance, several key factors come into play, including:
- Location, with proximity to major highways, freeways, and public transportation options, as well as foot traffic and visibility, playing a significant role in determining value;
- The size and condition of the property, with average sizes ranging from 6,153 square feet to 24,256 square feet, and the overall condition impacting the value;
- Financial performance, including the average cap rate of 3.89%, and the average price per square foot of $1,524 USD, which can influence the sale price of the restaurant.
