South Jordan, Utah, offers a unique opportunity for investors to capitalize on the growing demand for restaurants in the area. With a population of approximately 80,000 residents, the city provides a diverse customer base for restaurants to cater to. Restaurants in South Jordan can represent a range of investments, from casual eateries to fine dining establishments, and can be situated in various locations, including the city's downtown area,shopping centers, or near popular attractions like the Jordan River Parkway. The city's amenities, such as parks, fishing ponds, and natural habitats, make it an attractive location for families and outdoor enthusiasts, who often seek out dining options that offer a welcoming atmosphere. Additionally, South Jordan's proximity to Salt Lake City and its growing economy make it an ideal location for businesses to thrive. The city is also home to the Daybreak Community, a master-planned development that is expected to double the city's population, providing a built-in customer base for restaurants. With its growing population and diverse economy, South Jordan is an excellent location for restaurant investors to consider.
South Jordan's restaurant scene is complemented by its diverse economy, which includes major industries such as healthcare, technology, and retail. The city is home to several major employers, including Intermountain Healthcare and Questar, which provide a steady stream of customers for restaurants. Nearby attractions like the Salt Lake County fairgrounds and equestrian park also draw visitors to the area, creating opportunities for restaurants to cater to tourists and locals alike. In addition to restaurants, South Jordan offers a range of other property types for investors to consider, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in South Jordan offer investors the opportunity to capitalize on the city's growing population and demand for housing. Shopping centers in the area provide a hub for retail activity, while specialty properties, such as office buildings and medical facilities, cater to the city's diverse economy. Hotels in South Jordan, meanwhile, offer investors the chance to tap into the city's growing tourism industry. With its diverse economy and range of property types, South Jordan is an attractive location for investors to consider.
What is the average cost per square foot for a restaurant in South Jordan?
The average cost per square foot for a restaurant in South Jordan is $649 USD per square foot, with available listings totaling 3 and average sizes ranging from 14,172 square feet to 23,938 square feet.
What factors determine the value of a restaurant for sale in South Jordan?
When evaluating the value of a restaurant for sale in South Jordan, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the TRAX light rail Red Line and FrontRunner commuter rail system, as well as accessibility to Interstate 15 and Bangerter Highway, being highly desirable;
- The restaurant's size, with an average size of 14,172 square feet, and a maximum size of 23,938 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $649 USD and an average cap rate of 6.22%, which can influence the restaurant's overall value and attractiveness to potential buyers.
