Whittier, California, offers a unique opportunity for investors to own a piece of the city's culinary scene with its 3 restaurants for sale. Restaurants in Whittier are a great investment opportunity due to the city's diverse population and strong economy. Whittier's restaurants cater to a wide range of tastes and cuisines, from traditional American fare to international flavors. The city's historical neighborhoods, such as Uptown Whittier and Central Park, offer a charming backdrop for dining establishments. With its Mediterranean climate, Whittier's restaurants can take advantage of outdoor seating areas, adding to the city's appeal. The city's proximity to major transportation hubs, including the San Gabriel River Freeway (I-605) and State Route 72, makes it an attractive location for businesses. Whittier is also home to several major employers, including PIH Health Hospital - Whittier and Whittier College, providing a steady stream of customers for local restaurants.
Whittier's restaurants are just one part of the city's diverse commercial landscape. In addition to restaurants, Whittier is also home to 3 apartment buildings for sale, offering investors opportunities in the multifamily sector. The city's shopping centers, such as the Whittier Town Center, provide a hub for retail activity. Specialty properties, like the Whittier Health Center, offer unique investment opportunities. Hotels, such as the Whittier Hotel, cater to the city's visitors and business travelers. With its strong economy and diverse population, Whittier offers a wide range of investment opportunities for those looking to own a piece of the city's commercial landscape. The city's unique blend of history, culture, and natural beauty makes it an attractive location for businesses and investors alike.
What is the average cost per square foot for a restaurant in Whittier?
The average cost per square foot for a restaurant in Whittier is $405 USD per square foot, with an average size of 11,223 square feet and a largest size of 20,288 square feet, among the 3 available listings.
What factors determine the value of a restaurant for sale in Whittier?
When evaluating the value of a restaurant for sale in Whittier, several key factors come into play, including:
- Location, with proximity to major transportation hubs, such as the San Gabriel River Freeway (I-605) and State Route 72, and foot traffic in areas like Uptown Whittier and Central Park, contributing to a restaurant's appeal and potential revenue.
- The size and condition of the property, with average sizes ranging from 11,223 square feet to 20,288 square feet, and the overall condition of the building and equipment impacting the sale price.
- Financial performance, including the average cap rate of 7.15%, and the restaurant's current and projected revenue, expenses, and profitability, which can significantly influence the sale price.
