1023 SE 47th Ter - Freestanding FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$10,675,000 USD
239-341-3963
1023 SE 47th Ter, Cape Coral, FL for Sale
$10,675,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

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1023 SE 47th Ter
Cape Coral, FL 33904
Caloosahatchee


HIGHLIGHTS

  • Tremendous room for business expansion. See: www.legendarynightclubforsale.com
  • The only nightclub with extended-hours licensing within 130 miles.
  • Proven history for national-act concerts, festivals, street-parties, etc. This is the epicenter of regional events.
  • Winner of the "Best Nightclub" reader's choice awards for 14 years in a row.
  • Three lifestyle centers with hundreds of apartments currently under construction within walking distance.
  • 4.5 million tourists visiting the area every year - and growing every year. Plus seasonal "snowbird" residents.

OVERVIEW

This listing is for two commercial buildings and an open, operating, and profitable nightclub business. This is the anchor property of a vibrant and rapidly growing downtown entertainment district in Southwest Florida. Dixie Roadhouse has become a local legend since the current owners developed and opened it nearly 14 years ago. We have won the "Best Nightclub" award for our region every single year since then. Reason for selling - retirement at 70. Building 1: 10,000 sq.ft. nightclub space with 4 bars, a stage, and a huge hardwood oak dance floor - plus a 10,000 sq.ft rooftop that used to be open but is currently closed, plus room in the front for a 4,000 sq.ft. covered patio. 24,000 sq,ft. total with 10,000 sq.ft. developed. Asking price for the building: $5.5 million. Building 2: 7,300 sq.ft. restaurant space that is currently leased to Sage Restaurant. The building includes a mezzanine, stage, full kitchen, and tiki-style patio. Asking price $2.5 million for the real estate only. The Sage restaurant business is not currently for sale. Business: Legendary Dixie Roadhouse nightclub. See www.legendarynightclubforsale.com for details. Asking price: $2,675,000. NDAs and proof-of-funds will be required for 3-years of financial statements from the club. Offer LOI's are now bring accepted. The 2 buildings have been combined together and then separated apart several times over their lifetimes. Currently, they are separated, so you can buy the Dixie building and business without buying the Sage building. We are not offering the Dixie building without purchasing the Dixie business. You can also buy just the Dixie Roadhouse business without purchasing any of the real estate. If your offer is good enough, we'll just keep the real estate and be your landlord. If you are interested, fill out the "Apply" section on the website above to start the process. Thank you for checking out our listing!

FOR SALE DETAILS

PRICE

$10,675,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dixie Roadhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,498 SF

ZONING

C-1

APN/PARCEL ID

07-45-24-C4-00357.0080

ASK ABOUT THIS PROPERTY

David TownsendDixie Road HouseMore Info
239-341-3963

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David TownsendDixie Road HouseMore Info
239-341-3963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.