For Auction
Asset Snapshot
Investment Highlights
Offering Summary
RealINSIGHT Marketplace, in partnership with AVID Commercial Real Estate and Cornerstone Coastal Properties, is pleased to present 862 Lafayette Street & 859 Miramar Street, a ±17,562 SF two-story adaptive-reuse opportunity in Cape Coral's South Cape Hospitality & Entertainment Area. Home to the former Paesano's Italian Fresh Market for over 30 years, the Property retains a food-service buildout including two commercial kitchens, six walk-in coolers, three walk-in freezers, prep and wash stations, hood systems, and three-phase power, with equipment included per seller - a meaningful replacement-cost and time-to-opening advantage over building from scratch. The offering includes two parcels: the main building at 862 Lafayette Street and a separate parking parcel at 859 Miramar Street, together totaling roughly one acre with about 50 spaces plus street parking. The Property carries triple designation within the SC South Cape Zoning District, the CRA, and the South Cape Hospitality & Entertainment Area. Demand is accelerating nearby: The Cove on 47th (327 units) and Madison Square (82 units) are delivering 400+ new apartments one block away, with the CRA's Bimini Basin East project and the private Bimini Square - 218 upscale units plus a 500-space garage - also underway within walking distance, positioning the Property as a rare South Cape opportunity for qualified operators and owner-users.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
