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Saint Augustine Restaurants for Sale
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Restaurants For Sale in Saint Augustine
St. Augustine is known as the oldest continuously inhabited European-established settlement in the United States, making it an interesting spot for CRE investing, especially in restaurants. The city has historical sites like the Castillo de San Marcos and educational institutions such as Flagler College, which, along with its nearness to higher education in Jacksonville, support a strong local economy and attract tourists and residents. Its coastal location adds appeal and makes it a prime spot for investing in restaurants.
Restaurants for sale in St. Augustine gain from the city's strategic position and its popularity as a tourist destination, promising a steady flow of potential customers. These businesses are part of a community that appreciates its history and culture, offering dining experiences that appeal to both locals and tourists. Besides restaurants, the real estate in St. Augustine includes apartment buildings for students, educators, and families, shopping centers that benefit from the city's substantial foot traffic, and specialty properties and hotels that add to St. Augustine’s commercial offerings. These properties highlight the various investment opportunities in St. Augustine, showing the city’s combination of history, education, and coastal lifestyle.
Learn About Restaurants For Sale in Saint Augustine
How many restaurants for sale listings are available for sale in Saint Augustine, FL?
Currently, there are 9 restaurants for sale listings available in Saint Augustine, FL.
What factors should I consider when searching for restaurants for sale in Saint Augustine, FL?
When looking for restaurants for sale in Saint Augustine, FL, consider the strategic aspects of the location that can influence the success of the business.
- Assess the economic landscape of Saint Augustine, including tourist activity and local demand to understand the potential customer base.
- Examine proximity to key amenities and infrastructure like major roads, tourist attractions, and supplier networks necessary for restaurant operations.
- Evaluate the location and visibility of the property to ensure it is accessible and attractive to both residents and visitors of the area.
How much does it cost to buy a restaurant in Saint Augustine?
The cost of buying a restaurant in Saint Augustine varies. The average price per square foot for restaurants for sale is $798, with an average size of 6,779 SF.
What is the largest restaurant available to buy in Saint Augustine?
The largest restaurant available spans 25,129 SF.
Why is Saint Augustine an ideal location for restaurants for sale?
Saint Augustine's rich history, role as a prime tourist destination, and status as the oldest continuously inhabited European-established settlement in the United States make it an ideal location for restaurants for sale, benefiting from a steady flow of visitors and a vibrant local community.
Size Summary For Saint Augustine Restaurants
| Restaurant Size | Square Feet |
|---|---|
| Maximum | 25,129 SF |
| Average | 6,779 SF |
| Minimum | 1,369 SF |
Cap Rate for Saint Augustine Restaurants
What is a cap rate?| Restaurant Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 7.65% |
| Average | 6.5% |
| Minimum | 5.25% |
Prices for Saint Augustine Restaurants
| Restaurant Price | Price Per SF |
|---|---|
| Maximum | $2,884 Per SF |
| Average | $798 Per SF |
| Minimum | $313 Per SF |
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