Largo, Florida, with its population of approximately 80,000, presents a unique opportunity for investors to capitalize on the growing demand for restaurants in the area. Restaurants in Largo offer a diverse range of investment options, from casual eateries to fine dining establishments, catering to the city's diverse population. With its strong economy, driven by services, retail sales, and healthcare, Largo provides a stable foundation for businesses to flourish. The city's infrastructure, including transportation services provided by Tampa International Airport and St. Petersburg–Clearwater International Airport, as well as State Roads 686 and 688, ensures easy access for customers and employees alike. Additionally, Largo's educational institutions, such as Schiller International University, and amenities like the Largo Medical Center, contribute to the city's appeal. The city's central location in Pinellas County, with the Intracoastal Waterway to the southwest and Tampa Bay to the northeast, makes it an attractive location for restaurants seeking to capitalize on the area's natural beauty. With 7 restaurants for sale in Largo, investors have a range of options to choose from, with average prices per square foot of $1,246 USD and average sizes of 9,934 square feet.
Largo's restaurants are situated in a city with a rich history, dating back to its incorporation in 1905. The city's agricultural past, particularly as a citrus packing and shipping center, has given way to a diverse economy, with major employers in the healthcare industry, such as Largo Medical Center. The city's cultural scene is also worth noting, with the Largo Cultural Center's performance season and regular events at the Largo Public Library. In addition to restaurants, Largo also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Largo offer a stable source of income, with many residents drawn to the city's amenities and services. Shopping centers, such as the Largo Mall, provide a hub for retail activity, while specialty properties, like the Largo Central Park Performing Arts Center, offer unique investment opportunities. Hotels, such as the Hampton Inn & Suites Largo, cater to the city's growing tourism industry. With its diverse economy, rich history, and range of investment opportunities, Largo presents a compelling case for investors seeking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Largo?
The average cost per square foot for a restaurant in Largo is $1,246 USD per square foot, with an average size of 9,934 square feet and a largest size available of 50,490 square feet, among the 7 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Largo?
When evaluating the value of a restaurant for sale in Largo, several key factors come into play, including:
- Location, with proximity to major transportation routes like Interstate 275 and US 19, as well as accessibility to the city's 82,000 residents and visitors, being a significant consideration;
- The restaurant's size, with an average size of 9,934 square feet and a maximum size of 50,490 square feet, influencing its value;
- Financial performance, including the average price per square foot of $1,246 USD and an average cap rate of 5.42%, which can impact the restaurant's overall value and desirability to potential buyers.
