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Lasbury Tracy Realty Inc
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$1,000,000

Active

111 W Olympia Ave, Punta Gorda, FL 33950

2,221 sq ft

Listing courtesy of RE/MAX PALM REALTY Β· MLS# C7528902

79 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

What’s special

  • commercial kitchen
  • dedicated cooler area
  • covered outdoor seating
  • established restaurant tenant
  • high traffic corridor
  • downtown waterfront location

AI-selected highlights from the listing description below.

Located in the heart of vibrant downtown Punta Gorda, 111 W. Olympia Ave. presents a rare opportunity to own a premier commercial property occupied by one of the area's well-established and recognizable restaurants. A longtime staple in the community, the restaurant has built a loyal customer base and contributes to the energy and charm that make downtown Punta Gorda such a sought-after destination. The property is thoughtfully designed for restaurant operations, featuring a commercial kitchen, dedicated cooler area, a spacious open dining room, and covered outdoor seating for guests to enjoy Florida's year-round weather. Positioned along one of downtown's busiest corridors, the property benefits from exceptional exposure with an average daily traffic count of approximately 13,500 vehicles, providing outstanding visibility for the established business. Surrounded by popular shops, restaurants, the waterfront, and the city's many festivals and events, this prime downtown location offers consistent foot traffic and exceptional long-term investment potential in one of Southwest Florida's most desirable commercial districts.

Facts

Property type
Restaurant
Year built
1952
Exposure
Northwest
Flood zone
AE
Annual taxes
$6,627/yr
Listed
Aug 10, 2026
MLS #
C7528902

Commercial details

Building & site

Building size
2,261 SF
Lot size
0.09 acres (4,050 SF)
Zoning
CC
Road frontage
City Street
Buildings
1
Building features
Bathrooms

Investor metrics

Price per SF (MLS)
$442.28/SF
Cap rate
6.8%
Net operating income
$68,925/yr
Gross income
$93,600/yr
Annual expenses
$25,305/yr
Units
1

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

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111 W Olympia Ave, Punta Gorda, FL 33950

Listing courtesy of RE/MAX PALM REALTY Β· MLS# C7528902 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 9:51 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]