Former Paesano's Market Building with Parking Parcel | Cape Coral, FL

Investment Highlights

• 17,500 SF Former Paesano's Market Building: Large-format building with high ceilings, exposed steel, tile floors, and an open retail floor plan.
• Turnkey Food-Service Infrastructure In Place: Two kitchens, six coolers, three freezers, and 3-phase power cut build-out cost and time.
• Separate Parking Parcel at 859 Miramar St: A dedicated parcel apart from the main building, part of the ±1-acre site with 50 spaces.
• South Cape's Premier Restaurant Corridor: Positioned near Cape Coral Parkway, Coronado Parkway, and Del Prado Boulevard's main commercial hub.
• 30+ Years as Paesano's, Recognized Food Destination: Established Cape Coral market with recognizable architecture and strong street presence.
• 400+ New Apartments Within One Block: The Cove on 47th (327 units) and Madison Square (82 units) are delivering steps away.

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.