See all 34 photos
34 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$449,000
Est. payment /mo
10,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10500
Square Footage 10,500 sqft
Price per Sqft $42
Subdivision Cardigan
MLS® Listing ID 202518230
Year Built 1888
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Freehold
Property Description
Here is your opportunity to own a beautiful waterfront restaurant in Cardigan, PEI. Cardigan Lobster Suppers and 1888 Pub have been serving fresh local seafood and meats for over 40 years and are one of the highest-rated dining destinations in the area on Tripadvisor. This is a true turn-key sale, offering a fully equipped operation ready for its next owner to step in and succeed. The property features over 10,000 square feet of finished space with 50 feet of waterfrontage overlooking the marina, along with two large decks and ample paved parking to accommodate large groups. Upstairs is equipped with heat pumps providing both heating and air conditioning. The lower level was previously operated as a bar and includes a dance floor, sound system, and lighting, offering additional revenue potential. Also downstairs is a 150-lobster holding tank to support the delivery of fresh, local seafood. This heritage-designated building may qualify for heritage funding opportunities, adding further value for future improvements or preservation. In addition to its established restaurant use, the property presents exciting redevelopment potential, with the possibility of conversion into 6 to 8 residential apartments (subject to applicable approvals). A rare chance to acquire a well-established business, a landmark property, and a versatile investment all in one. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:24570)
Rooms
Kitchen 0.0
Interior
Flooring Wood
Exterior
Parking Features No
Community Features High Traffic Area, Public Washrooms
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 3
Others
Ownership Freehold
Read Less Info
Listed by CENTURY 21 NORTHUMBERLAND REALTY
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Muhamed Awada
Real Estate Agent | License ID: 4726552
Real Estate Agent License ID: 4726552