Irving, Texas, is a prime location for investing in restaurants, with 8 available listings offering a range of opportunities. Restaurants in Irving represent a solid investment due to the city's strong economy, diverse population, and excellent infrastructure. As a hub for several large businesses, including Nexstar Media Group, 7-Eleven, and Michaels Stores, Irving attracts a steady stream of professionals and visitors, creating a demand for quality dining options. The city's amenities, such as the Irving Arts Center and historical museums, also contribute to its appeal, making it an attractive location for restaurants. Additionally, Irving's location within the Dallas–Fort Worth metroplex and its proximity to the Dallas Fort Worth International Airport make it an ideal spot for restaurants catering to travelers and locals alike.
Restaurants in Irving are just one aspect of the city's diverse commercial landscape, which also includes 8 apartment buildings, shopping centers, specialty properties, and hotels. Irving's apartment buildings offer a range of living options, from luxury complexes to affordable rentals, while its shopping centers provide convenient access to retail and services. The city's specialty properties, such as the Las Colinas mixed-use master-planned community, offer unique opportunities for businesses and residents alike. Meanwhile, Irving's hotels cater to the city's many visitors, providing comfortable accommodations and amenities. Overall, Irving's commercial landscape is characterized by its diversity and opportunities for growth, making it an attractive location for investors and businesses.
What is the average cost per square foot for a restaurant in Irving?
The average cost per square foot for a restaurant in Irving is $645 USD per square feet, with an average size of 7,533 square feet and a largest size of 15,312 square feet, among the 8 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Irving?
The value of a restaurant for sale in Irving is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Dallas Fort Worth International Airport and highways such as the Airport Freeway (SH 183) and LBJ Freeway (I-635) being highly desirable;
- The size and condition of the property, with average sizes ranging from 7,533 square feet to 15,312 square feet, and an average price per square foot of $645 USD;
- Financial performance, including the average cap rate of 5.25%, as well as the restaurant's revenue, profit, and cash flow, which can impact its overall value and attractiveness to potential buyers.
