17,564 sqft
$2,970,000
862 Lafayette ST, Cape Coral FL, 33904
Price per sqft$169.10
Built in2002
Property size17,564 sqft
Property typeCommercial
Overview
Active
Listed Jun 30, 2025
Updated 4 weeks ago
WITHDRAWN FROM TRADITIONAL MLS OFFERS. TRANSITIONED TO AUCTION PLATFORM. MAKE YOUR BID. SELLERS READY TO MEET MARKET PRICE. DOWNTOWN CAPE CORAL! Fantastic opportunity for a business to make this solid building of over 17,500 sq ft a great operation. This building thrived as Paesano's for over 30 years, owners are ready for their next chapter. This 2 story property is within the highly beneficial (SC) South Cape Zoning District, the C.R.A and The South Cape Hospitality & Entertainment Area. This listing includes both 862 Lafayette St. (the building and some parking) and for an additional off-street entrance from the south and parking, 859 Miramar St. Located 1 block south of Cape Coral Parkway and 1 block east of Coronado Parkway. The building has 6 walk-in in coolers and 3 walk-in freezers, 2 commercial kitchens and a butcher room and phase-3 power. A great deal of FFE are on premise for consideration of sale. Multiple restrooms. The 2nd floor office has a small balcony overlooking main shopping area floor that has the soaring ceiling. The "patio seating" has one of the kitchen setup. It is a large screened area with power shutters.
Use your imagination...this location could be profitable with a number of different businesses because of the square footage, location and parking. Key* The New Apartment Complexes One Block Away, "The Cove On 47th" On Cape Coral Parkway Has 327 Units And "Madison Square" On Miramar Has 82 Units - OVER 400 NEW UNITS!
Also, 2 other big projects about to begin which will bring additional positive impact to this location, the CRA Project, Bimini Basin East and a private project Bimini Square which offers 218 additional upscale apartments and a 500-space parking garage all within easy walking distance.
Other Property Details
- Taxes
- $22,133
- Tax Frequency
- Annually
- Secondary Association Fee
- Not Listed
Listed by Daryl Simms, Cornerstone Coastal Properties
Listing Contact: 239-202-1801
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Adolfo Diaz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 Southwest Florida Multiple Listing Service. All rights reserved.
Data last updated 4:01 AM UTC, 8/26/2026