Local Favorite Restaurant For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30652805
Property Subtypes: Restaurant
Status: Pending/Contingent
Building Size (RSF): 3,000 SF
Gross Building Area: 25,244 SF
Gross Land Area: 106,809 SF
Sale Price: $295,000
Unit Price: $98.33 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: 7/30/2021

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. 2 brand new HVAC systems.
Currently set up for 18-4 tops, 10 bar stools, 10 booths, and 6 outside tables.

Attachments & Media

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
Legal Description: LIGHTHOUSE PLAZA AS DESC IN INST# 2008000136512 LOT 5

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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


Photograph of Listing Agent

Kevin C Cloutier, PA

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