Waterbury, Connecticut, offers a unique opportunity for investors to capitalize on the city's rich history and strategic location. Restaurants for sale in Waterbury present a compelling investment option, given the city's strong infrastructure, educational institutions, and cultural attractions. As a hub for manufacturing, education, and healthcare, Waterbury's economy is diversified, providing a stable foundation for businesses to thrive. With its proximity to major transportation links, including Interstate 84 and Route 8, Waterbury is an attractive location for restaurants, offering easy access to a large customer base. The city's amenities, such as the Mattatuck Museum Arts and History Center, Municipal Stadium, and the Brass Mill Center shopping venue, also contribute to its appeal. As a result, restaurants in Waterbury can benefit from a steady stream of customers, making them an attractive investment opportunity. The city's strong educational institutions, including Naugatuck Valley Community College, Post University, and the University of Connecticut, also provide a built-in customer base.
With 2 restaurants for sale in Waterbury, investors have a range of options to choose from. In addition to restaurants, Waterbury also offers other investment opportunities, including Apartment Buildings, which can provide a steady stream of rental income; Shopping Centers, which can capitalize on the city's strong retail sector; Specialty Properties, which can cater to the city's diverse industries; and Hotels, which can benefit from the city's tourist attractions. Waterbury's unique blend of history, culture, and economic diversity makes it an attractive location for businesses and investors alike. As a result, restaurants in Waterbury can thrive, offering investors a strong potential for returns on their investment.
What is the average cost per square foot for a restaurant in Waterbury?
The average cost per square foot for a restaurant in Waterbury is $62 USD per square foot, with an average size of 18,860 square feet and a largest size of 34,000 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city of around 110,000 people, with its rich history, cultural attractions, and convenient transportation links.
What factors determine the value of a restaurant for sale in Waterbury?
When evaluating the value of a restaurant for sale in Waterbury, several key factors come into play, including:
- Location, with proximity to major transportation hubs like I-84 and Route 8, as well as foot traffic in popular areas like downtown Waterbury and the Brass Mill Center, impacting the restaurant's visibility and accessibility;
- The average price per square foot, currently at $62 USD, and the average size of restaurants for sale, at 18,860 square feet, which can influence the overall value of the property;
- The average cap rate, currently at 6.37%, which can indicate the potential return on investment for the buyer, as well as the overall demand for restaurants in the area.
