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:4069)
Address
4557 Wharf Road
List Price
$449,000
Property Type
Business
Type of Dwelling
Business
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Cardigan
Floor Area
10,500 Sq. Ft.
Lot Size
2 Ac.
Year Built
1888
MLS® Number
202518230
Listing Brokerage
CENTURY 21 NORTHUMBERLAND REALTY
Postal Code
C0A1G0
Zoning
Commercial
Site Influences
Water Nearby, Waterfront
Features
Paved driveway
Amenities
Air Conditioning, Living Accommodation
