Upland, California, offers a unique opportunity for investors to tap into the city's growing food scene with its diverse range of restaurants for sale. With a population of approximately 80,000, Upland provides a sizable customer base for restaurants, and its strategic location near major transportation routes makes it an attractive spot for businesses. The city's rich history, semi-arid climate, and diverse demographics, with a median household income of $76,259, create an ideal environment for restaurants to thrive. Upland is home to several notable institutions, including the Upland Unified School District, San Antonio Regional Hospital, and the Upland Chamber of Commerce, which support local businesses and economic development. The city's infrastructure, including Foothill Boulevard and the Atchison, Topeka and Santa Fe Railroad tracks, facilitates transportation and logistics, making it an attractive location for restaurants that rely on deliveries and supplies.
Upland's restaurants for sale offer a range of investment opportunities, from casual eateries to fine dining establishments. With 6 restaurants available, investors can find the perfect property to suit their business needs. In addition to restaurants, Upland also offers a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings provide a steady stream of potential customers for restaurants, while shopping centers offer a convenient location for restaurants to attract foot traffic. Specialty properties, such as those near the Upland Lemon Festival, can provide a unique opportunity for restaurants to capitalize on the city's cultural events. Hotels, like the ones near the Madonna of the Trail statue, can offer a convenient location for restaurants to cater to tourists. Overall, Upland's diverse range of commercial properties makes it an attractive location for investors looking to tap into the city's growing food scene.
What is the average cost per square foot for a restaurant in Upland?
The average cost per square foot for a restaurant in Upland is $863 USD per square foot, with available listings totaling 6 and average restaurant sizes ranging from 5,059 square feet to 9,348 square feet.
What factors determine the value of a restaurant for sale in Upland?
When evaluating the value of a restaurant for sale in Upland, several key factors come into play, including:
- Location, with proximity to major transportation routes, such as Foothill Boulevard, and high-traffic areas like Historic Downtown Upland and Euclid Avenue, being highly desirable;
- The restaurant's physical characteristics, including its average size of 5,059 square feet, and largest size of 9,348 square feet, as well as its condition and amenities;
- Financial performance, including the average price per square foot of $863 USD, average cap rate of 4.55%, and the overall profitability of the business, which can be influenced by the local economy, competition, and demographics.
