$778,000 FOR SALE

Commercial/Retail

4557 Wharf & 23 Owens Wharf Road
Cardigan, PE C0A 1G0

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
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202315670
Last Updated Aug 07, 2023
Property Summary
Property Type Commercial/Retail

More like this:
Use Restaurant
Community Cardigan
Price History
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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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