Vancouver, Washington, offers a unique opportunity for investors to tap into the city's growing food scene with its 4 restaurants for sale. As a hub for cultural and economic activity, Vancouver's restaurants benefit from a diverse demographic makeup and a strong presence of educational institutions, including Clark College and Washington State University, Vancouver. The city's infrastructure, including the Vancouver Public Schools and Evergreen School District, supports a growing population of approximately 190,000 residents. With its proximity to Portland, Oregon, and the Columbia River, Vancouver's restaurants can capitalize on the tourist traffic and local demand for dining options. The city's amenities, such as the Esther Short Park and the Grant Street Pier, create an attractive environment for restaurants to thrive.
Vancouver's restaurants for sale offer a range of investment opportunities, from casual eateries to fine dining establishments. With an average price per square foot of $1,022 USD and an average size of 6,686 square feet, investors can find a property that fits their budget and vision. The city's largest restaurant for sale spans 15,000 square feet, providing ample space for a variety of concepts. In addition to restaurants, Vancouver offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, for example, offer a unique opportunity to tap into the demand for housing from students and professionals. Shopping centers, such as those along SR 14 and SR 500, provide a hub for retail activity, while specialty properties, like the Fort Vancouver Regional Library District, offer a unique investment opportunity. Hotels, like those near the Vancouver Station, cater to tourists and business travelers alike. With its diverse range of investment opportunities, Vancouver is an attractive destination for investors looking to tap into the city's growth.
What is the average cost per square foot for a restaurant in Vancouver?
The average cost per square foot for a restaurant in Vancouver is $1,022 USD per square foot, with an average size of 6,686 square feet and a largest size available of 15,000 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Vancouver?
When evaluating the value of a restaurant for sale in Vancouver, several key factors come into play, including:
- Location, with proximity to major transportation hubs like I-5 and I-205, as well as popular amenities like Esther Short Park and the Grant Street Pier, being highly desirable;
- The restaurant's size, with an average size of 6,686 square feet and a largest size of 15,000 square feet, affecting its overall value;
- Financial performance, including the average cap rate of 5.88% and the average price per square foot of $1,022 USD, which can impact the restaurant's profitability and resale value.
