Restaurants for sale in Hawthorne, California, offer a unique investment opportunity in a city with a strong economy and diverse population. With a population of around 90,000, Hawthorne provides a stable customer base for restaurants. Restaurants can be a solid investment in Hawthorne, as they cater to the local community and visitors alike. The city's amenities, such as the Curtis Tucker Health Center and the Hawthorne Post Office, contribute to its appeal. Additionally, Hawthorne's location near Los Angeles International Airport and its proximity to major transportation routes make it an attractive location for businesses. The city's educational institutions, including Los Angeles Southwest College and El Camino College, also provide a steady stream of potential customers. Furthermore, Hawthorne's Mediterranean climate and pleasant weather year-round make it an ideal location for outdoor dining and entertainment. With SpaceX and Tesla, two major companies, headquartered in Hawthorne, the city's economy is driven by innovation and technology.
Hawthorne's restaurants for sale offer a range of investment opportunities, from casual eateries to fine dining establishments. With 5 restaurants currently available for sale, investors can choose from a variety of options. The average price per square foot for restaurants in Hawthorne is $745 USD, and the average size is 7,048 square feet. The largest restaurant available for sale is 13,740 square feet. In addition to restaurants, Hawthorne also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Hawthorne provide a stable source of rental income, while shopping centers offer a mix of retail and dining options. Specialty properties, such as office buildings and warehouses, cater to the city's growing tech industry. Hotels in Hawthorne, meanwhile, serve the needs of business travelers and tourists visiting the area. Overall, Hawthorne's diverse range of properties makes it an attractive location for investors.
What is the average cost per square foot for a restaurant in Hawthorne?
Based on current listings, the average cost per square foot for a restaurant in Hawthorne is $745 USD per square foot, with an average size of 7,048 square feet and a largest size available of 13,740 square feet, offering a range of options for restaurateurs looking to establish a presence in this South Bay city.
What factors determine the value of a restaurant for sale in Hawthorne?
When evaluating the value of a restaurant for sale in Hawthorne, several key factors come into play, including:
- Location, with proximity to major transportation routes like the Century Freeway and San Diego Freeway, as well as accessibility to local amenities like the Curtis Tucker Health Center and Hawthorne Post Office, impacting foot traffic and customer convenience;
- Size and layout, with average restaurant sizes in Hawthorne ranging from 7,048 square feet to 13,740 square feet, and the ability to accommodate a desired number of patrons and staff;
- Economic indicators, such as the average cap rate of 4.24% and average price per square foot of $745 USD, which can influence the overall value of the restaurant and its potential for return on investment.
