Fort Smith, Arkansas, offers a unique opportunity for investors to tap into the city's growing economy by investing in restaurants for sale. With a population of around 90,000, Fort Smith is an attractive location for businesses, thanks to its rich history, cultural attractions, and strong infrastructure. Restaurants, in particular, can benefit from the city's tourism industry, which is driven by its historic significance, outdoor recreational activities, and cultural events. As a result, investing in a restaurant in Fort Smith can be a lucrative venture, with opportunities to cater to both locals and visitors. The city's diverse economy, which includes major industries such as manufacturing, healthcare, and education, also ensures a steady stream of customers. Additionally, Fort Smith's location near the Arkansas and Poteau rivers, as well as its proximity to major highways, makes it an ideal spot for restaurants that cater to travelers and locals alike.
Fort Smith's restaurant scene is diverse, with a range of options available to suit different tastes and preferences. From casual eateries to fine dining establishments, there are opportunities for investors to find a restaurant that fits their vision and budget. With 3 restaurants for sale in Fort Smith, investors have a wide range of options to choose from. In addition to restaurants, Fort Smith also offers opportunities to invest in other commercial properties, such as apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can consider investing in apartment buildings near the University of Arkansas at Fort Smith, which caters to a large student population. Alternatively, they can invest in shopping centers along major roads like Rogers Avenue or Phoenix Avenue, which see a high volume of traffic. Specialty properties, such as those near the Fort Smith Regional Airport, can also be attractive options for investors. Overall, Fort Smith offers a range of investment opportunities for those looking to tap into the city's growing economy.
What is the average cost per square foot for a restaurant in Fort Smith?
The average cost per square foot for a restaurant in Fort Smith is $1,162 USD per square foot, with an average size of 4,373 square feet and a largest size of 4,984 square feet, among the 3 available listings.
What factors determine the value of a restaurant for sale in Fort Smith?
When evaluating the value of a restaurant for sale in Fort Smith, several key factors come into play, including:
- Location, with proximity to major highways, such as Interstate 40 and Interstate 49, and popular attractions like the Fort Smith Convention Center, being highly desirable;
- The restaurant's size, with an average size of 4,373 square feet, and condition, including the age and quality of equipment and fixtures;
- Financial performance, including the average cap rate of 5.16% and sales data, which can impact the overall value of the restaurant.
