Prince Edward Island waterfront business or restaurant opportunity. With two large decks facing the Cardigan River and marina, there is lots of potential to own a profitable business on 500 feet of beautiful waterfront property. If you are looking for a growth potential business, this has ample opportunity and reputation as a business which has been established for over 35 years as Cardigan Lobster and Seafood Restaurant and 1888 Pub and newly renovated lounge called Reggaeton Bar. There is a large holding pound for lobster in the lower level, as the restaurant has specialized in seafood, in addition to steaks and a variety of regional cuisine. The restaurant is fully licensed and rated as a top restaurant by Trip Advisor in the area. Further potential for income is possible as the lower level of the building, which is currently used for storage, could be used to expand the business as it has two adjoining lounges, and is the location of the second large deck by the water. There is a large parking lot. All permits are current. Also included is a four unit renovated insulated fourplex building with every unit having 3 bedrooms. This fully equipped building has a 3 star rating with two private entrances, a private water access, a playground, etc. No PCDS, property being sold ?as is where is?. PLEASE NOTE: Package price to be $778,000.00, Restaurant Building 4557 Wharf Road can be purchased separate for $410,000.00 and the Fourplex Building 23 Owens Road can be purchased separate for $395,000.00. (id:47423)
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Listed By
EXIT REALTY PEI, ROYAL LEPAGE PRINCE EDWARD REALTY
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Detailed Information
Amenities Nearby
Water Nearby
Community Features
Public Washrooms
Listing Contract Date
2023-07-26
Municipal ID
160010
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Waterfront Type
Waterfront on river
Zoning Description
Commercial
Business
Business Type
Restaurant
Business Subtype
Restaurant
Building
Construction Material
Wood frame
Flooring Type
Other
Stories Total
2
Total Finished Area
15300 sqft
Utility Water
Ground-level well
Parking Spaces
Name
Spaces
Gravel
Parking Space(s)
Paved Yard
Other
Land
Total Size
0.5 + 1.0 acres | 1 - 3 acres
Acreage
Yes
Amenities
Water Nearby
Disposition Features
Cleared
Size of Irregular Land
0.5 + 1.0 acres
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