Wilmington, North Carolina, is a prime location for investing in restaurants, with its rich history, diverse economy, and stunning natural beauty. With 3 restaurants for sale, Wilmington offers a wide range of opportunities for entrepreneurs and investors alike. Restaurants in Wilmington can represent a variety of investments, from casual eateries to fine dining establishments, and from family-friendly restaurants to trendy bars and nightclubs. The city's unique blend of southern charm and coastal appeal makes it an attractive destination for tourists and locals alike, providing a strong customer base for restaurants. Additionally, Wilmington's infrastructure, including the Wilmington International Airport and the Cape Fear Public Transportation Authority, makes it easily accessible for visitors and residents. The city's educational institutions, such as the University of North Carolina Wilmington, also contribute to a diverse and educated population, further supporting the demand for restaurants. With its beautiful beaches, historic downtown area, and thriving arts scene, Wilmington is an ideal location for restaurants to flourish.
Wilmington's restaurants are part of a larger commercial landscape that includes 3 listings. The city is also home to apartment buildings, shopping centers, specialty properties, and hotels, each offering unique investment opportunities. For example, apartment buildings in Wilmington provide a steady income stream and the potential for long-term appreciation in value. Shopping centers, on the other hand, offer a diverse range of retail and dining options, making them attractive to investors seeking a mixed-use property. Specialty properties, such as office buildings and warehouses, cater to the city's growing business community, while hotels provide a convenient and comfortable option for visitors. With its diverse economy and stunning natural beauty, Wilmington is an attractive location for investors seeking a range of commercial properties. The city's unique blend of history, culture, and natural charm makes it an ideal location for businesses to thrive.
What is the average cost per square foot for a restaurant in Wilmington?
The average cost per square foot for a restaurant in Wilmington is $785 USD per square feet, with an average size of 10,014 square feet and a largest size of 12,157 square feet, among the 3 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Wilmington?
When evaluating the value of a restaurant for sale in Wilmington, several key factors come into play, including:
- Location, with proximity to popular attractions like the riverwalk, beaches, and downtown amenities impacting foot traffic and customer demand;
- The restaurant's size, with an average size of 10,014 square feet, and a maximum size of 12,157 square feet, influencing seating capacity, operational efficiency, and overall value;
- Financial performance, including the average cap rate of 5.15%, which affects the restaurant's profitability and desirability to potential buyers, as well as the average price per square foot of $785 USD, which reflects the market demand and competition.
