Alameda, California, offers a unique opportunity for investors to own a piece of the city's culinary scene with its selection of restaurants for sale. With a population of around 78,000 residents, Alameda provides a diverse customer base for restaurant owners. Restaurants in Alameda can represent a range of investments, from casual eateries to fine dining establishments, and can cater to the city's mix of families, professionals, and visitors. The city's amenities, such as the Alameda Free Library and the Altarena Playhouse, and its proximity to Oakland and San Francisco, make it an attractive location for businesses. The city's infrastructure, including its bridges and transportation hubs, also supports the growth of restaurants. Additionally, Alameda's education institutions, such as the College of Alameda and St. Joseph Notre Dame High School, contribute to the city's economic vitality. With its rich history, cultural attractions, and diverse population, Alameda is an excellent place to invest in a restaurant.
Alameda's restaurants are situated in a city with a strong sense of community, where residents and visitors can enjoy a range of dining options. Nearby, apartment buildings offer a convenient housing option for residents who want to be close to the city's amenities. Shopping centers, such as the South Shore Center, provide a hub for retail and dining activity. Specialty properties, like the historic Alameda Theatre, add to the city's cultural landscape. Hotels, such as the Hampton Inn & Suites, cater to visitors and business travelers. With its unique blend of history, culture, and amenities, Alameda is an attractive location for businesses and investors. Currently, there are 9 restaurants for sale in Alameda, offering a range of investment opportunities. These properties have an average price per square foot of $609 USD and an average size of 3,930 square feet, with the largest property being 8,720 square feet. The average cap rate for these properties is 8.9%.
What is the average cost per square foot for a restaurant in Alameda?
According to current market data, the average cost per square foot for a restaurant in Alameda is $609 USD per square foot, with an average size of 3,930 square feet and a largest size available of 8,720 square feet, among the 9 available listings.
What factors determine the value of a restaurant for sale in Alameda?
The value of a restaurant for sale in Alameda is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Alameda Main Street Station and the Posey and Webster Street Tubes, as well as access to local amenities like parks and recreational facilities, influencing foot traffic and customer base;
- Size and layout, with average restaurant sizes in Alameda ranging from 3,930 square feet to 8,720 square feet, and the ability to accommodate a desired number of customers and staff;
- Financial performance, including the average price per square foot of $609 USD, average cap rate of 8.9%, and the overall profitability of the business, which can impact the sale price and attractiveness to potential buyers.
