Clearwater, Florida, is an attractive destination for investors seeking to capitalize on the city's growing demand for restaurants. With a population of approximately 120,000, Clearwater offers a diverse range of opportunities for restaurateurs to establish a successful business. Restaurants in Clearwater can represent a variety of investments, from casual eateries to fine dining establishments, catering to the city's residents, tourists, and business professionals. The city's infrastructure, including the Clearwater Public Library System, Clearwater Marine Aquarium, and BayCare Ballpark, provides a solid foundation for businesses to thrive. Additionally, Clearwater's location, situated between the Gulf of Mexico and Tampa Bay, offers a unique blend of natural beauty and accessibility, making it an attractive location for restaurants. The city's economy, supported by major employers like Morton Plant Hospital, Tech Data, and Honeywell, ensures a steady stream of customers. With its rich history, beautiful beaches, and attractions like Coachman Park, Clearwater is an ideal location for restaurants, offering a unique blend of business and leisure opportunities.
Clearwater's restaurant scene is complemented by its other commercial properties, including 1 restaurants for sale, as well as apartment buildings, shopping centers, and specialty properties. The city's hotels, such as those near BayCare Ballpark, cater to the influx of tourists and business travelers. Apartment buildings in Clearwater offer residents a range of housing options, from luxury high-rises to affordable complexes. Shopping centers, like those in the downtown district, provide a convenient location for residents and visitors to shop and dine. Specialty properties, such as the Clearwater Marine Aquarium, add to the city's unique character and attractions. With its diverse range of commercial properties, Clearwater offers investors a wealth of opportunities to establish a successful business. The city's unique blend of natural beauty, attractions, and economic stability makes it an attractive location for investors seeking to capitalize on the growing demand for restaurants and other commercial properties.
What is the average cost per square foot for a restaurant in Clearwater?
According to current listings, the average cost per square foot for a restaurant in Clearwater is $1,075 USD per square foot, with an average size of 6,425 square feet and a largest size available of 50,490 square feet, making it an attractive option for entrepreneurs and investors looking to tap into the city's strong tourism industry and growing population of around 120,000 residents.
What factors determine the value of a restaurant for sale in Clearwater?
When evaluating the value of a restaurant for sale in Clearwater, several factors come into play, including:
- Location, with proximity to popular attractions like Clearwater Beach, BayCare Ballpark, and Coachman Park, as well as accessibility to major transportation hubs like Tampa International Airport and St. Petersburg-Clearwater International Airport, impacting foot traffic and customer base;
- Financial performance, such as average cap rate, which is 6.67%, and sales data, including the average price per square foot, which is $1,075 USD, and the average size of restaurants, which is 6,425 square feet;
- Physical characteristics, including the size of the restaurant, with available listings ranging from 6,425 to 50,490 square feet, and the condition and age of the property, as well as any unique features or amenities that set it apart from competitors.
