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862 Lafayette St
Cape Coral, FL 33904
Retail Property For Sale

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Investment Highlights

  • New developments of 2 blocks or less, about 800 upscale residential units: The Cove at 47th, Madison Square, Bimini Square and more!

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Restaurant
Building Size
17,000 SF
Building Class
C
Year Built
2001
Price
$3,250,000
Price Per SF
$191.18
Tenancy
Single
Building Height
2 Stories
Building FAR
0.39
Lot Size
1.00 AC
Zoning
SC - South Cape Zoning District, CRA, South Cape Entertainment Dist.
Parking
29 Spaces (1.71 Spaces per 1,000 SF Leased)

Amenities

  • Mezzanine
  • Restaurant
  • Security System
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Balcony

Property Taxes

Property Taxes

Parcel Number
18-45-24-C1-00052.0590
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,312,846
  • Listing ID: 37189734

  • Date on Market: 8/8/2025

  • Last Updated:

  • Address: 862 Lafayette St, Cape Coral, FL 33904

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