Lowell, Massachusetts, a city with a rich history as a planned manufacturing center for textiles, offers a unique opportunity for investors to capitalize on its revitalized cultural and urban development. With 2 restaurants for sale, Lowell presents an attractive option for those looking to invest in a city with a strong educational presence, arts facilities, and sports traditions. Restaurants in Lowell can represent a diverse range of investments, from casual eateries to fine dining establishments, catering to the city's diverse population of students, professionals, and families. Lowell's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. The city is home to institutions like Middlesex Community College and University of Massachusetts Lowell, ensuring a steady flow of customers. Additionally, Lowell's proximity to major transportation facilities, including the Lowell Regional Transit Authority (LRTA) and the MBTA commuter rail, makes it easily accessible to visitors and residents alike. The city's cultural attractions, such as the Whistler House Museum of Art and the Merrimack Repertory Theatre, also contribute to its appeal. Overall, Lowell is a great place for business and travel, with attractions like the Lowell National Historical Park and the Tsongas Center drawing visitors from across the region.
Restaurants in Lowell are part of a larger commercial landscape that includes apartment buildings, shopping centers, specialty properties, and hotels. Nearby, apartment buildings offer a range of housing options for residents, while shopping centers provide convenient access to goods and services. Specialty properties, such as the Western Avenue Studios, support the city's thriving arts scene, and hotels, like the UMass Lowell Inn and Conference Center, cater to visitors and business travelers. With its unique blend of history, culture, and education, Lowell presents a compelling opportunity for investors to tap into its growing commercial market. Whether you're looking to invest in a restaurant or another type of property, Lowell's revitalized urban landscape offers a promising environment for business growth and development.
What is the average cost per square foot for a restaurant in Lowell?
The average cost per square foot for a restaurant in Lowell is $205 USD per square feet, with an average size of 4,108 square feet and a largest size of 4,800 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Lowell?
The value of a restaurant for sale in Lowell is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs, educational institutions, and cultural attractions like the Lowell National Historical Park and the Merrimack Repertory Theatre, increasing the restaurant's appeal and potential customer base;
- Size and layout, with the average size of restaurants for sale in Lowell being 4,108 square feet, and larger spaces like 4,800 square feet commanding higher prices;
- Financial performance, including the average cap rate of and the average price per square foot of $205 USD, which can impact the restaurant's profitability and resale value.
