Restaurants for sale in Victorville, California, offer a unique investment opportunity in a city that boasts a rich history, diverse economy, and stunning natural surroundings. As a hub for transportation and logistics, Victorville's strategic location makes it an attractive spot for businesses that cater to travelers and locals alike. Restaurants, in particular, can benefit from the city's growing population of approximately 130,000 residents, as well as the thousands of visitors who pass through each year. With amenities like the Victor Valley Transportation Center, Southern California Logistics Airport, and major roads like U.S. Route 66 and Interstate 15, Victorville's infrastructure is well-equipped to support a thriving food scene. The city's educational institutions, such as Victor Valley Community College, also contribute to a diverse and dynamic community that can support a wide range of restaurant concepts. Additionally, Victorville's proximity to popular attractions like the Route 66 Museum and the Mojave Desert make it an attractive destination for tourists and locals alike.
With 11 restaurants for sale in Victorville, investors have a range of options to choose from. From casual eateries to fine dining establishments, the city's diverse culinary landscape offers something for everyone. In addition to restaurants, Victorville also boasts a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings, for example, can offer a steady stream of income for investors, while shopping centers provide a hub for local commerce. Specialty properties, such as office buildings and warehouses, can cater to the city's growing business community, and hotels can capitalize on the city's tourist traffic. Whatever the investment goal, Victorville's unique blend of natural beauty, economic diversity, and small-town charm make it an attractive destination for businesses and investors alike.
What is the average cost per square foot for a restaurant in Victorville?
The average cost per square foot for a restaurant in Victorville is $692 USD per square foot, with an average size of 3,451 square feet and a largest size of 6,050 square feet, among the 11 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Victorville?
The value of a restaurant for sale in Victorville is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Victor Valley Transportation Center and the Southern California Logistics Airport, as well as accessibility to main roads like U.S. Route 66 and Interstate 15, playing a significant role;
- The restaurant's size, with an average size of 3,451 square feet, and a largest size of 6,050 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $692 USD and an average cap rate of 4.99%, which affect the restaurant's profitability and desirability to potential buyers.
