Folsom, California, offers a unique opportunity for investors to own a piece of the city's rich history and growing economy. With 3 restaurants for sale, Folsom presents a chance to capitalize on the city's popularity among tourists and locals alike. Restaurants in Folsom can range from casual eateries to fine dining establishments, catering to the diverse tastes of the city's residents and visitors. Folsom's historic downtown district, with its charming shops and restaurants, is an attractive location for restaurants, offering a unique blend of old and new. The city's proximity to Folsom Lake and the Sierra Nevada foothills also makes it an ideal spot for restaurants that cater to outdoor enthusiasts. Additionally, Folsom is home to major employers like Intel, providing a steady stream of customers for restaurants. The city's growing population, with over 70,000 residents, and its reputation as a desirable place to live and work, make it an attractive location for restaurant owners.
Folsom's restaurants are part of a larger commercial landscape that includes office buildings, shopping centers, and specialty properties. The city's light rail system and public bus service provide easy access to restaurants and other businesses, making it an attractive location for commuters and residents. Apartment buildings and hotels also play a crucial role in Folsom's economy, catering to the city's growing population and tourist industry. Specialty properties, such as the Folsom Powerhouse, a National Historic Landmark, add to the city's unique character and attract visitors from across the region. With its diverse economy and growing population, Folsom presents a unique opportunity for investors to own a piece of the city's future. Whether you're looking to own a restaurant, office building, or apartment complex, Folsom has something to offer. The city's average price per square foot for restaurants is $274 USD, with an average size of 131,650 square feet, and a largest size of 258,430 square feet. The average cap rate for restaurants in Folsom is 6.12%.
What is the average cost per square foot for a restaurant in Folsom?
The average cost per square foot for a restaurant in Folsom is $274 USD per square foot, with an average size of 131,650 square feet and a largest size of 258,430 square feet, making it an attractive option for entrepreneurs and investors looking to capitalize on the city's growing economy and tourist attractions like Folsom Lake and the Folsom Historic District.
What factors determine the value of a restaurant for sale in Folsom?
When evaluating the value of a restaurant for sale in Folsom, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Highway 50 and the Folsom Station, as well as access to local amenities like Folsom Lake and the historic downtown district, playing a significant role in determining value.
- The average price per square foot, currently at $274 USD, and the average size of restaurants in Folsom, which is approximately 131,650 square feet, with the largest available listing being 258,430 square feet.
- The average cap rate, currently at 6.12%, which provides insight into the potential return on investment for a restaurant in Folsom, as well as the overall demand for restaurants in the area, with 3 available listings.
