Redwood City, a city located on the San Francisco Peninsula in Northern California's Bay Area, offers a unique opportunity for investors to own a piece of the city's culinary scene with its Restaurants for Sale. With a population of approximately 80,000, Redwood City is an attractive location for businesses, thanks to its diverse geography, mild Mediterranean climate, and rich history. Restaurants in Redwood City can cater to a wide range of customers, from locals to visitors, and offer a variety of cuisines to suit different tastes. The city's downtown area has undergone revitalization efforts, including the opening of a history museum and a 20-screen theater complex, making it an ideal location for restaurants to attract customers. Additionally, Redwood City is home to several global technology companies, including Electronic Arts and Equinix, providing a steady stream of potential customers. The city's infrastructure, including Cañada College and the Redwood City Public Library, also makes it an attractive location for businesses.
Currently, there are 3 Restaurants for Sale in Redwood City, offering a range of investment opportunities. These restaurants can be found in various locations throughout the city, including the downtown area and neighborhoods like Redwood Shores and Friendly Acres. In addition to restaurants, Redwood City also offers other investment opportunities, such as Apartment Buildings, which can provide a steady stream of rental income. Shopping Centers, like the ones found along El Camino Real, offer a mix of retail and dining options, making them attractive to investors. Specialty Properties, like the historic buildings in the downtown area, can provide a unique investment opportunity. Hotels, like the ones found near the Redwood City Marina, can cater to visitors and business travelers. With its diverse economy and range of investment opportunities, Redwood City is an attractive location for businesses and investors alike.
What is the average cost per square foot for a restaurant in Redwood City?
Based on current listings, the average cost per square foot for a restaurant in Redwood City is $1,203 USD per square foot, with an average size of 2,595 square feet and a largest size of 3,700 square feet, among 3 available listings.
What factors determine the value of a restaurant for sale in Redwood City?
When evaluating the value of a restaurant for sale in Redwood City, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Caltrain and U.S. Route 101, as well as foot traffic in areas like Downtown Redwood City, contributing to a restaurant's desirability and potential revenue;
- The size and layout of the restaurant, with average sizes ranging from 2,595 square feet to 3,700 square feet, and the ability to accommodate a certain number of patrons and staff;
- The financial performance of the restaurant, including its average price per square foot of $1,203 USD, average cap rate of 4.71%, and overall profitability, which can impact its value and attractiveness to potential buyers.
