Restaurants for sale in Davie, Florida, offer a unique opportunity for investors to tap into the town's growing economy. With a population of approximately 110,000 residents, Davie provides a sizable customer base for restaurants. These establishments can cater to the diverse tastes of the local community, including students from nearby educational institutions like Nova Southeastern University and Broward College. Davie's strategic location near major transportation facilities, such as Interstate 595 and Florida's Turnpike, ensures easy access to a broader customer base. The town's amenities, including parks like Tree Tops Park and Robbins Lodge Park, also contribute to its appeal as a dining destination. Additionally, Davie's strong economy, driven by industries like education, healthcare, and retail, provides a solid foundation for restaurants to thrive.
With 3 restaurants for sale in Davie, investors have a range of options to choose from. These establishments can be freestanding buildings, part of shopping centers, or even specialty properties like food trucks. Davie's diverse dining scene is complemented by its other commercial properties, including apartment buildings, which can provide a steady stream of customers. The town's shopping centers, like those along University Drive, offer a mix of local boutiques and national chains, creating a dynamic retail environment. Specialty properties, such as office buildings and hotels, also contribute to Davie's economic landscape. Overall, Davie's unique blend of education, healthcare, and retail industries creates a fertile ground for restaurants to succeed.
What is the average cost per square foot for a restaurant in Davie?
When it comes to investing in a restaurant in Davie, it's essential to consider the average cost per square foot, which currently stands at $970 USD per square foot, providing a valuable insight into the local market.
What factors determine the value of a restaurant for sale in Davie?
When evaluating the value of a restaurant for sale in Davie, several key factors come into play, including:
- Location, with proximity to major transportation facilities like Interstate 595, Florida's Turnpike, and U.S. Route 441, as well as access to a large customer base, being highly desirable;
- The restaurant's physical characteristics, such as its 17,636 square feet of space, with larger restaurants like 46,456 square feet potentially commanding higher prices;
- Financial performance, including the restaurant's average cap rate of 4.76%, as well as its sales data, profit margins, and growth potential, which can impact its overall value and attractiveness to potential buyers.
Currently, there are 3 restaurants for sale in Davie, with an average price per square foot of $970 USD.
