What is the asking price for Former Paesano's | Turnkey Restaurant Infrastructure | Cape Coral, FL?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Former Paesano's | Turnkey Restaurant Infrastructure | Cape Coral, FL?

The property has a total square footage of 17,562 SF.

When was this property built?

Former Paesano's | Turnkey Restaurant Infrastructure | Cape Coral, FL was built in 2002.

How many parking spaces are available at Former Paesano's | Turnkey Restaurant Infrastructure | Cape Coral, FL?

Parking information for the property isn't currently listed. However, other nearby parking options include Cape Way, located 0.11 miles away , and Miramar Manor, which is 0.12 miles away.

862 Lafayette St, Cape Coral, FL 33904

For Sale Contact for pricing
Property Type Retail
Property Size 17,562 SF
Year Built 2002
Date Updated Sep 8, 2026

Description

Starting Bid $750,000

Turnkey Restaurant Infrastructure Remains: Two commercial kitchens, six walk-in coolers, and hood systems remain from a 30-year tenant.

Two-Parcel Offering Totals Roughly One Acre: Main building at 862 Lafayette Street pairs with a separate parking parcel at 859 Miramar Street.

400+ New Apartments Delivering One Block Away: The Cove on 47th (327 units) and Madison Square (82 units) are adding fresh renter demand nearby.

Triple Zoning Designation in South Cape: SC South Cape Zoning District, the CRA, and Hospitality & Entertainment Area all overlap this site.

RealINSIGHT Marketplace, in partnership with AVID Commercial Real Estate and Cornerstone Coastal Properties, is pleased to present 862 Lafayette Street & 859 Miramar Street, a ±17,562 SF two-story adaptive-reuse opportunity in Cape Coral's South Cape Hospitality & Entertainment Area. Home to the former Paesano's Italian Fresh Market for over 30 years, the Property retains a food-service buildout including two commercial kitchens, six walk-in coolers, three walk-in freezers, prep and wash stations, hood systems, and three-phase power, with equipment included per seller - a meaningful replacement-cost and time-to-opening advantage over building from scratch. The offering includes two parcels: the main building at 862 Lafayette Street and a separate parking parcel at 859 Miramar Street, together totaling roughly one acre with about 50 spaces plus street parking. The Property carries triple designation within the SC South Cape Zoning District, the CRA, and the South Cape Hospitality & Entertainment Area. Demand is accelerating nearby: The Cove on 47th (327 units) and Madison Square (82 units) are delivering 400+ new apartments one block away, with the CRA's Bimini Basin East project and the private Bimini Square - 218 upscale units plus a 500-space garage - also underway within walking distance, positioning the Property as a rare South Cape opportunity for qualified operators and owner-users.

Auctioneer: Lamar P. Fisher

Auctioneer License: 2907003627

Auctioneer License 2: 2908000783

Auctioneer Company: Fisher Auction Company Inc.