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Honolulu Restaurants for Sale
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Restaurants For Sale in Honolulu
Honolulu, the capital of Hawaii, is a central location for business, finance, hospitality, and military defense, making it a prime spot for commercial real estate investment. The city's diverse population and position as the main entryway to Hawaii provide a dynamic environment for CRE investment, especially in the restaurant industry. With about 10 restaurants available for sale, investors can engage in the city's active dining scene, supported by both local and tourist patronage. Honolulu's economy benefits from its infrastructure and educational institutions like the University of Hawaiʻi, creating a solid workforce. The natural beauty and efficient transportation system in Honolulu ensure a consistent customer base for restaurants, positioning them as a valuable addition to an investor's portfolio.
The restaurant listings in Honolulu gain from their closeness to prominent tourist spots and business centers, maintaining a steady stream of customers. The city's prominence as a key tourist and business locale bolsters the restaurant industry. In addition to restaurants, the real estate market in Honolulu includes apartments, which provide housing for restaurant workers, supporting business operations. Shopping centers boost foot traffic and visibility for new restaurant ventures, while specialty properties and hotels offer further CRE opportunities, enhancing the hospitality landscape and collaborating with restaurant businesses. The variety of properties demonstrates Honolulu's diverse investment prospects, making it appealing for those looking to invest in restaurants or other commercial endeavors. If you're an investor looking for a "like-kind" property for a 1031 exchange, Honolulu has properties that could meet your needs.
Learn About Restaurants For Sale in Honolulu
How many restaurants for sale listings are available in Honolulu?
There are currently 10 restaurants for sale listings available in Honolulu.
What factors should I consider when searching for restaurants for sale in Honolulu?
When searching for restaurants for sale in Honolulu, it's essential to evaluate specific factors to ensure the location aligns with your business goals and market demands.
- Consider Honolulu's status as a major tourist destination and its impact on potential customer foot traffic to your restaurant.
- Analyze the proximity to key infrastructure and amenities, such as hotels, tourist attractions, and the University of Hawaiʻi, which can influence your restaurant's accessibility and appeal.
- Examine the local market and competition by understanding the density of restaurants in your desired area and identifying any gaps in the market that your restaurant could fill.
How much does it cost to buy a restaurant in Honolulu?
The cost of purchasing a restaurant in Honolulu varies, depending on several factors including location, size, and amenities.
- The average price per square foot for restaurants for sale is $992, which gives an insight into the market's current standing.
- With an average size of 6,637 SF and the largest available being 13,804 SF, there are currently 10 listings for restaurants for sale in this area.
What is the largest restaurant available to buy in Honolulu?
The largest restaurant for sale in Honolulu spans 13,804 SF.
Why is Honolulu an ideal location for restaurants for sale?
- Honolulu's role as a major tourist destination, coupled with its diverse demographics and blend of cultures, creates a dynamic environment for restaurants, backed by a steady influx of approximately 2.7 million visitors annually and a local economy that supports a variety of culinary experiences.
Size Summary For Honolulu Restaurants
| Restaurant Size | Square Feet |
|---|---|
| Maximum | 13,804 SF |
| Average | 6,637 SF |
| Minimum | 3,054 SF |
Cap Rate for Honolulu Restaurants
| Restaurant Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 5.28% |
| Average | 3.79% |
| Minimum | 2.35% |
Prices for Honolulu Restaurants
| Restaurant Price | Price Per SF |
|---|---|
| Maximum | $1,369 Per SF |
| Average | $992 Per SF |
| Minimum | $235 Per SF |
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