862 Lafayette St - Restaurant FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$2,970,000 USD
239-202-1801
862 Lafayette St, Cape Coral, FL for Sale
$2,970,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

862 Lafayette St
Cape Coral, FL 33904
Caloosahatchee


HIGHLIGHTS

  • New developments of 2 blocks or less, about 800 upscale residential units: The Cove at 47th, Madison Square, Bimini Square and more!
  • Located within the South Cape Hospitality & Entertainment Area and CRA redevelopment zone, one block from major thoroughfares
  • Parking for 50 cars, plus street access parking
  • Surrounded by major residential and commercial growth, including hundreds of new apartment units within walking distance
  • Strategic location one block from Cape Coral Parkway and Coronado Parkway, within the South Cape Entertainment District.

OVERVIEW

DOWNTOWN CAPE CORAL! Fantastic opportunity for a business to make this solid building of over 17,500 sq ft a great operation. This building thrived as Paesano's for over 30 years, owners are ready for their next chapter. This 2 story property is within the highly beneficial (SC) South Cape Zoning District, the C.R.A and The South Cape Hospitality & Entertainment Area. This listing includes both 862 Lafayette St. (the building and some parking) and for an additional off-street entrance from the south and parking, 859 Miramar St. Located 1 block south of Cape Coral Parkway and 1 block east of Coronado Parkway. The building has 6 walk-in in coolers and 3 walk-in freezers, 2 commercial kitchens and a butcher room and phase-3 power. Some FFE is on premise for consideration of sale. Multiple restrooms. The 2nd floor office has a small balcony overlooking main shopping area floor that has the soaring ceiling. The "patio seating" has one of the kitchens with. It is a large screened area with power shutters. Use your imagination...this location could be profitable with a number of different businesses because of the square footage, location and parking. Key* The New Apartment Complexes One Block Away, "The Cove On 47th" On Cape Coral Parkway Has 327 Units And "Madison Square" On Miramar Has 82 Units - OVER 400 NEW UNITS! Also, 2 other big projects about to begin which will bring additional positive impact to this location, the CRA Project, Bimini Basin East and a private project Bimini Square which offers 218 additional upscale apartments and a 500-space parking garage all within easy walking distance.

FOR SALE DETAILS

PRICE

$2,970,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

SC

APN/PARCEL ID

18-45-24-C1-00052.0590

ASK ABOUT THIS PROPERTY

Daryl SimmsCornerStone Coastal PropertiesMore Info
239-202-1801

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Daryl SimmsCornerStone Coastal PropertiesMore Info
239-202-1801

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