916 SE 14th Ave, Cape Coral, FL 33990
Restaurant property in a heavy industrial zoning district with a fully fenced yard for operations or adaptive reuse.
- Added:
- Jun 22, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 24 at 2:43 am
Property Features for 916 SE 14th Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.52 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing office RE/MAX Nautical Realty (239) 600-0038
Listing date Jun 22, 2026
Source Elliman
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HighLights
- Restaurant property in Cape Coral’s heavy industrial zoning district
- Under‑air size is just under 5,000 SF
- Sits on a 0.52‑acre lot with a fully fenced yard
- Year built: 1977
- Currently operating as Leone’s restaurant
Overview
The offering is located in Cape Coral within a heavy industrial zoning district. Public remarks note the property is home to the well-known Leone’s restaurant, establishing an existing, recognizable restaurant use within the industrial setting.
For buyers and operators, the site can be approached as a continuing restaurant operation, an owner-user repositioning option, or a change back to an industrial use depending on the applicable requirements. The presence of an existing restaurant tenant/use alongside a heavy industrial zoning designation gives the property flexibility for entities seeking an established site in an industrial environment.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.9453454
- Latitude
- 26.6694515
