Restaurant Property with Fenced
For Sale
$1,498,000
916 SE 14th Avenue, Cape Coral, FL 33990
SINGLE_FAMILY - Cape Coral, FL
Property Size5,000 SF
Lot Size0.52 Acres
Price / SF$299.60
Days on Market50
Property Features for 916 SE 14th Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning description
I
Fencing
Fenced
Subdivision
CC14 - Cape Coral Unit 16, 18, 22-
Standard status
Active
APN
19-44-24-C2-00778.0230
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAPE CORAL UNIT 22 BLK 778 PB 14 PG 16 LOT 21 THRU 23
Tax Annual Amount
11025
Legal Description
CAPE CORAL UNIT 22 BLK 778 PB 14 PG 16 LOT 21 THRU 23
Building Details
Year built
1977
Floors in Building
1
Listing Agency:
RE/MAX Nautical Realty
(239) 542-3332
Listed By:
Rachael Guertin · License #258021902
(239) 600-0038
Added: Jun 17
Changed: Jun 19
Last Checked: Aug 5 at 3:06PM
MLS# 2026026214
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a single-family structure currently tied to established restaurant use, offered for sale with a yard that is fully fenced. The remarks indicate the interior area is just under 5,000 square feet under air, set on approximately 0.52 acres. The offering is positioned as an asset that can support continued restaurant operation or allow an owner to repurpose the property for another commercial direction.
Located in Cape Coral, the property is described as being in a heavy industrial zoning district. That industrial zoning context is a key part of the opportunity, particularly for buyers looking to align an existing site with industrial-area requirements.
From a tenant or buyer standpoint, the combination of an operating restaurant setup and enclosed outdoor space can be useful for hospitality concepts that rely on an exterior yard. For other buyers, the same structure and fenced grounds may support repositioning, including a return to industrial use, subject to applicable approvals. The listing also notes that properties within this district are increasingly difficult to acquire, framing the sale as a strategic option for those specifically targeting industrial-area locations in Cape Coral.
Located in Cape Coral, the property is described as being in a heavy industrial zoning district. That industrial zoning context is a key part of the opportunity, particularly for buyers looking to align an existing site with industrial-area requirements.
From a tenant or buyer standpoint, the combination of an operating restaurant setup and enclosed outdoor space can be useful for hospitality concepts that rely on an exterior yard. For other buyers, the same structure and fenced grounds may support repositioning, including a return to industrial use, subject to applicable approvals. The listing also notes that properties within this district are increasingly difficult to acquire, framing the sale as a strategic option for those specifically targeting industrial-area locations in Cape Coral.
Key Highlights
- Well‑known Leone's restaurant location in Cape Coral’s heavy industrial zoning district
- Under‑air size just under 5,000 SF
- On 0.52 acres with a fully fenced yard
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $21.60 |
| − Vacancy | −$2.2k | −$0.43 |
| EGI | $105.8k | $21.17 |
| − OpEx | −$26.5k | −$5.29 |
| NOI | $79.4k | $15.88 |
5,000 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.13M
$992.3K – $1.32M
NOI $79,380 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,816 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
202k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 28%
Apparel 20%
Leisure 11%
RaceTrac
Shops & Services
30,770 visits/mo
0.5 miles
Five Below
Shops & Services
22,441 visits/mo
0.5 miles
Marquee Cinemas - Coralwood 10
Leisure
22,322 visits/mo
0.5 miles
Burlington
Apparel
22,226 visits/mo
0.4 miles
Starbucks
Dining
19,316 visits/mo
0.3 miles
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fenced yard and existing restaurant use in a heavy industrial zoning district create flexible options for operators and owners.
Where is this conventional restaurant located?
The property is located at 916 SE 14th Avenue Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Well‑known Leone's restaurant location in Cape Coral’s heavy industrial zoning district; Under‑air size just under 5,000 SF; On 0.52 acres with a fully fenced yard
