Virginia Beach, a popular resort city on the southeastern coast of Virginia, offers a unique opportunity for investors to capitalize on the demand for restaurants. With its rich history, beautiful beaches, and a strong economy, Virginia Beach is an attractive location for restaurants, attracting millions of visitors and locals alike. Restaurants in Virginia Beach can represent a diverse range of investments, from casual eateries to fine dining establishments, catering to various tastes and preferences. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, the city's proximity to institutions like Virginia Wesleyan University and Regent University ensures a steady stream of customers. Additionally, the city's events like the East Coast Surfing Championships and Neptune Festival draw large crowds, providing a potential customer base for restaurants. With its strong economy and tourist attractions, Virginia Beach is a great place for business and travel, making it an attractive location for restaurant investments.
Virginia Beach is home to 5 restaurants for sale, offering a range of opportunities for investors. The city's restaurant scene is complemented by its other commercial properties, including apartment buildings, shopping centers, and specialty properties, which provide a diverse range of investment options. For instance, apartment buildings in Virginia Beach offer a steady stream of income, while shopping centers provide a hub for commercial activity. Specialty properties, such as hotels, cater to the city's tourism industry, providing a unique investment opportunity. With its diverse economy and attractions, Virginia Beach is an attractive location for investors, offering a range of opportunities for those looking to invest in commercial properties.
What is the average cost per square foot for a restaurant in Virginia Beach?
Based on current listings, the average cost per square foot for a restaurant in Virginia Beach is $663 USD per square foot, with an average size of 8,085 square feet and a largest size of 28,340 square feet, among 5 available listings.
What factors determine the value of a restaurant for sale in Virginia Beach?
The value of a restaurant for sale in Virginia Beach is determined by a combination of factors, including:
- Location, with proximity to popular tourist attractions, beaches, and major roads like I-264 and Virginia Beach Boulevard contributing to a higher value;
- The size and condition of the property, with larger restaurants in good condition, such as those with 8,085 square feet, commanding higher prices;
- Financial performance, including the average cap rate of 5.3%, and the overall profitability of the business, which can impact the sale price.
