Yonkers, a city in Westchester County, New York, offers a unique opportunity for investors to capitalize on the growing demand for restaurants. With a population of approximately 210,000, Yonkers provides a diverse customer base for restaurants, from families to young professionals. Restaurants in Yonkers can represent a 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 attractive place to invest in a restaurant. For instance, Yonkers is home to institutions like Sarah Lawrence College and Westchester Community College, ensuring a steady flow of students and faculty looking for dining options. The city's proximity to New York City, along with its own attractions like the Hudson River Museum and Untermyer Park and Gardens, make it a popular destination for tourists and locals alike. Additionally, Yonkers is known for its hills, parks, and waterfront areas, providing a unique setting for restaurants to thrive. Overall, Yonkers is a great place for business and travel, with attractions like Tibbetts Brook Park and the Science Barge drawing visitors from across the region.
Yonkers, with its rich history and diverse neighborhoods, offers a unique context for restaurants. The city's recent gentrification efforts have led to a surge in new developments, including restaurants, in areas like Getty Square and the waterfront. In addition to restaurants, Yonkers also offers opportunities to invest in other property types, such as Apartment Buildings, which can provide a steady stream of income through rental units. Shopping Centers are another option, with the Cross County Shopping Center being a popular destination for locals and tourists. Specialty Properties, like the historic Philipse Manor Hall, can offer a unique investment opportunity for those looking to capitalize on Yonkers' rich history. Finally, Hotels, like the Royal Regency Hotel, provide a chance to invest in the city's growing tourism industry. With 2 restaurants for sale in Yonkers, investors have a range of options to choose from, each with its own unique characteristics and potential for growth.
What is the average cost per square foot for a restaurant in Yonkers?
The average cost per square foot for a restaurant in Yonkers is $417 USD per square feet, with an average size of 5,550 square feet and a largest size of 9,270 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 Yonkers?
When evaluating the value of a restaurant for sale in Yonkers, several key factors come into play, including:
- Location, with proximity to major transportation hubs, such as the Metro-North Railroad stations, and access to the Hudson River, influencing foot traffic and customer demographics;
- The restaurant's size, with an average size of 5,550 square feet, and the largest available space being 9,270 square feet, affecting seating capacity, kitchen layout, and overall operational efficiency;
- Financial performance, including the average cap rate of , which indicates the potential return on investment, and the average price per square foot of $417 USD, which reflects the property's value in relation to its size.
