Warren, Michigan, is an attractive destination for investors seeking to purchase a restaurant, with 2 listings available. Restaurants in Warren offer a unique opportunity for entrepreneurs to capitalize on the city's diverse economy, which is driven by the automotive manufacturing, defense industry, and service sectors. As a hub for major corporations like General Motors Technical Center and the United States Army Detroit Arsenal, Warren attracts a diverse population of professionals and families, creating a strong demand for dining options. The city's infrastructure, including major highways like I-696 and M-53, makes it easily accessible, while its amenities, such as the St. John Providence Health System and the Warren Department of Parks and Recreation, enhance the quality of life for residents and visitors alike. Warren's geography, with its proximity to Detroit and its location in Macomb County, also makes it an attractive location for businesses. Overall, Warren is an excellent place to invest in a restaurant, with its strong economy, convenient location, and high demand for dining options.
Warren's restaurant scene is part of a larger commercial landscape that includes 2 listings. The city is also home to various other property types, such as Apartment Buildings, which offer investors opportunities to capitalize on the city's growing population and demand for housing. Shopping Centers are another option, with their potential to attract a high volume of customers and generate significant revenue. Specialty Properties, like the General Motors Technical Center, provide unique opportunities for businesses to establish themselves in a specific industry or niche. Lastly, Hotels, such as those near the Detroit Arsenal Tank Plant, cater to the city's visitors and business travelers. With its diverse range of property types, Warren offers investors a wealth of opportunities to find the perfect fit for their business goals. Overall, Warren is a city that offers a unique blend of economic growth, cultural attractions, and business opportunities, making it an attractive destination for investors and entrepreneurs alike.
What is the average cost per square foot for a restaurant in Warren?
The average cost per square foot for a restaurant in Warren is $358 USD per square foot, with an average size of 3,060 square feet and a largest size of 4,400 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Warren?
The value of a restaurant for sale in Warren is determined by a combination of factors, including:
- the average price per square foot, which is currently $358 USD per square foot, and the average size of the restaurant, which is approximately 3,060 square feet;
- the average cap rate, which is currently 9%, and the overall condition and amenities of the property;
- the location and accessibility of the restaurant, with proximity to major highways like I-696 and M-53, and the demographics of the surrounding area, including the diverse mix of ancestries and the presence of major employers like General Motors Technical Center and the United States Army Detroit Arsenal.
