862 Lafayette St Cape Coral, FL 33904

9,044 SF 0.6 ac lot Built 2002

Individually Owned 28-yr Hold Absentee Owner ~ Est. High Equity

Property ID

US18-3889700

Google Maps

This exceptional retail property, located at 862 Lafayette St, Cape Coral, FL 33904, presents a unique investment opportunity. The 17,000 square foot building, constructed in 2002, boasts a charming "old-world" Italian design, reflecting its history as the long-time home of Paesano's Italian Fresh Market. Situated on a one-acre lot, the property includes a substantial 13,000 square foot parking lot to the south. The building is zoned SC (South Cape), placing it within the CRA district and the South Cape Hospitality Entertainment Area, benefiting from high visibility and foot traffic. Its prime location offers easy access to major thoroughfares, with Cape Coral Parkway boasting a daily traffic count of 40,000 vehicles. The asking price of $3,984,200 is considered well below replacement cost, making this a compelling investment. The property's proximity to the Cove on 47th and Bimini Basin developments further enhances its appeal. Potential seller financing may be available. This is a rare chance to acquire a well-established, beautifully designed retail space in a thriving area of Cape Coral.