1023 SE 47th Ter - Freestanding FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$9,675,000 USD
239-341-3963
1023 SE 47th Ter, Cape Coral, FL for Sale
$9,675,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

1023 SE 47th Ter
Cape Coral, FL 33904
Caloosahatchee


HIGHLIGHTS

  • 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. Plus seasonal "snowbird" residents.
  • Mezzanine area on the rooftop of the building.

OVERVIEW

This listing offers a rare opportunity to acquire two commercial buildings along with an open, operating, and highly profitable nightclub business. Located in the heart of a vibrant and rapidly expanding downtown entertainment district in Southwest Florida, this property is the cornerstone of the area’s nightlife scene. The featured business, Dixie Roadhouse, has become a local legend since its launch nearly 14 years ago by the current owners. The nightclub has consistently earned the title of "Best Nightclub" in the region every year since its inception. The reason for the sale is the owners’ planned retirement at age 70. The first building comprises 10,000 square feet of fully developed nightclub space, featuring four bars, a performance stage, and an expansive hardwood oak dance floor. Additionally, there is a 10,000-square-foot rooftop, currently closed, that was previously open to patrons. The property also includes space in the front for a potential 4,000-square-foot covered patio, bringing the total square footage to 24,000, with 10,000 square feet currently in use. The asking price for this building is $5.0 million. The second building is a 7,300-square-foot restaurant space currently leased to Sage Restaurant. This building includes a mezzanine level, a stage, a full commercial kitchen, and a tiki-style patio. The asking price for this property is $2.0 million, with the sale applying to the real estate only, as the Sage restaurant business itself is not for sale. The Dixie Roadhouse nightclub business is available for purchase separately for $2,675,000. Interested parties can find more information at www.legendarynightclubforsale.com. Non-disclosure agreements and proof of funds will be required to access three years of financial statements. Letters of intent (LOIs) are currently being accepted. Over the years, the two buildings have been joined and separated multiple times, and they are currently configured as separate properties. Buyers have the flexibility to purchase the Dixie building and business together without acquiring the Sage building. However, the Dixie building is not available for sale independently of the nightclub business. Alternatively, interested buyers may purchase just the Dixie Roadhouse business without the real estate. In that case, the current owners are open to retaining the property and becoming the new owner's landlord—assuming the offer is compelling enough. To express interest or begin the purchase process, prospective buyers should complete the application form available on the website above. Thank you for considering this unique investment opportunity.

FOR SALE DETAILS

PRICE

$9,675,000 USD

PRICE/SF

$331 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.