1303 Del Prado Blvd S Cape Coral, FL 33990

Building Details

Year Built

1980

Listing Agency Phil Deems Real Estate p***@pdeems.com Show Phone

Listed by Phil Deems · License #252010067 Show Phone

Source Elliman

Added: Apr 15 Checked: Jul 19 at 5:39 am

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Investment Insights

Based on property information with market context.

This established hometown restaurant, operating since 2007, offers a successful neighborhood bar and grill experience. The property features two bars, inside seating for approximately 75 patrons, and patio bar seating for around 18, supplemented by several additional four-top tables. Total seating capacity is 216 according to code. Closed for two years due to Hurricane Ian and roof damage (but with no flooding), the restaurant has reopened in November 2024 after over $500,000 in upgrades. These upgrades include a new roof, upgraded electric system, new roof vents, hurricane windows on the second floor, interior painting, and new ceiling and ceiling fans in certain areas. The sale includes all furniture, fixtures, equipment, inventory, customer base, and the real estate itself. The real estate consists of lots 21, 22, 23, 24, 25, and 27 in block 1265, totaling approximately 26,000 square feet. The property presents excellent upside potential and is value priced. It is listed for $1,700,000, which is $600,000 under the appraised value completed in September 2023.

Key Highlights

• Priced $600,000 under appraised value (completed September 2023).
• Turnkey, fully operational restaurant with all furniture, fixtures, equipment, inventory, customer base, and real estate included.
• Over $500,000 in upgrades completed, including a new roof, upgraded electric, new roof vents, hurricane windows, and interior painting.

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FAQs

What type of property is this?

Bar & Pub - Turnkey restaurant with two bars, seating for 216, real estate.

Where is this bar & pub located?

The property is located at 1303 Del Prado Blvd S Cape Coral, FL.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Priced $600,000 under appraised value (completed September 2023).; Turnkey, fully operational restaurant with all furniture, fixtures, equipment, inventory, customer base, and real estate included.; Over $500,000 in upgrades completed, including a new roof, upgraded electric, new roof vents, hurricane windows, and interior painting.