Winston-Salem, North Carolina, offers a unique opportunity for investors to tap into the city's diverse economy and growing population of around 249,545. Restaurants for sale in Winston-Salem present an attractive investment option, given the city's rich history, cultural attractions, and strong educational institutions like Wake Forest University and Winston-Salem State University. These restaurants can cater to a wide range of customers, from students and faculty to locals and tourists. Winston-Salem's infrastructure, including the Winston-Salem Transit Authority and Piedmont Triad International Airport, ensures easy accessibility and connectivity. The city's amenities, such as the Truist Stadium and Wake Forest University's Truist Field, also contribute to its appeal. With 10 restaurants for sale in Winston-Salem, investors have a range of options to choose from, each offering a unique opportunity to capitalize on the city's growth.
Winston-Salem's restaurants for sale are just one aspect of the city's diverse commercial landscape. In addition to restaurants, investors can explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Winston-Salem offer a chance to tap into the city's growing population and student demographics. Shopping centers, like Hanes Mall, provide a hub for retail activity and attract visitors from across the region. Specialty properties, such as those in the Arts District, offer a unique opportunity to invest in the city's cultural scene. Hotels, like those near the Winston-Salem Fairgrounds, cater to tourists and business travelers alike. With its diverse economy and range of investment opportunities, Winston-Salem is an attractive destination for investors seeking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Winston-Salem?
As of now, there are 10 available listings of restaurants for sale in Winston-Salem, and the average cost per square foot for a restaurant in this city is $721 USD per square foot, with an average size of 5,030 square feet and an average cap rate of 6.38%.
What factors determine the value of a restaurant for sale in Winston-Salem?
When evaluating the value of a restaurant for sale in Winston-Salem, several key factors come into play, including:
- Location, with proximity to major transportation hubs, universities, and popular neighborhoods like Downtown, West End, and Ardmore influencing foot traffic and customer base;
- Size and layout, with the average restaurant size in Winston-Salem being around 5,030 square feet, and larger spaces like 17,000 square feet commanding higher prices;
- Financial performance, including the average cap rate of 6.38% and sales data, which can impact the overall value of the restaurant.
