Local Favorite Restaurant For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30652805 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
3,000 SF
|
| Gross Building Area: |
25,244 SF |
| Gross Land Area: |
106,809 SF
|
| Sale Price: |
$275,000 |
| Unit Price: |
$91.67 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Lighthouse Plaza |
| Usable Size (USF): |
3,000 SF |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
48.65% |
| Last Updated: |
10/24/2020 |
Overview / Comments
Turn-Key Restaurant Business For Sale in Lighthouse Plaza located in the corridor of Cape Coral. Real Estate does not convey. This Foster's Grille Restaurant franchise and has been a favorite for decades. The owner feels the time to retire. This restaurant is ready for you to take over seamlessly under a new name and theme OR for an additional fee, the Franchise can be transferred as well. It is difficult to find restaurant space in the city with a strong customer base. This site hosts the Wednesday night "Hot Chili Rods" car club meeting/show. Also, it has been a great partner with car shows run for charities. This location has it all. The restaurant also has a Beer & Wine License. If you are looking for a restaurant in Cape Coral, please do not overlook this opportunity. Plenty of space inside and out at this corner unit establishment.
Currently set up for 18-4 tops, 10 bar stools, 10 booths, and 6 outside tables.
|
Additional Details
| Nearest MSA: |
Cape Coral-Fort Myers |
| County: |
Lee |
| Tax ID/APN: |
154423C3008000050 |
| Zoning: |
CORR |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: |
On the South side of SW Pine Island Road. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Pine Island Road |
| Feet of Frontage: |
337 |
| Traffic/Vehicle Count: |
27,900 |
| Airports: |
RSW, Punta Gorda |
| Site Description: |
Clean, well maintained, easy access. |
| Area Description: |
Well-traveled connecting East and West Cape Coral and beyond west to Matlatche & Pine Island as well as Punta Gorda on the north side of town. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
3,000 SF |
| Property Condition: |
Good |
| Year Built: |
2007 |
| Roof Type: |
Flat |
| Exterior Description: |
Clean, welcoming |
| Parking Type: |
Surface |
| Parking Description: |
Open & Paved |
| Sprinklers: |
Other |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable, Satellite |
| Interior Description: |
Grille decor, dining, kitchen, stock, 2 bathrooms, walk-in cooler. |
| Zoning Description: |
Corredor housing a variety of businesses. |
| Lot Frontage: |
337 |
| Lot Depth: |
313 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
COMMUNITY SHOPPING CENTER / 16 |
| Legal Description: |
LIGHTHOUSE PLAZA AS DESC IN INST# 2008000136512 LOT 5 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,788 |
56,416 |
132,199 |
| Median Age: |
39.03 |
39.01 |
41.69 |
| Households: |
1,718 |
20,787 |
50,893 |
|
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