Commercial Sale · Restaurant
111 W OLYMPIA AVENUE, PUNTA GORDA, FL, 33950
Active2 days on marketListed Aug 10, 2026MLS #C7528902
About this property
The property at a glance
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.
2,261
Building sq ft
$442
Price / sq ft
0.09
Lot acres
1952
Year built
1
Unit
1
Building
CC
Zoning
Restaurant
Property type
The numbers
Investment snapshot
6.8%
Cap rate
$68,925
Net operating income
$93,600
Gross income (yr)
$1,000,000
Price / unit
1
Unit
Estimated payment (illustrative)
Estimated payment
$5,209/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Ryland to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
266
Population
$60,897
Median income
62
Median age
2
Avg household
$330,312
Median home value
$1,162/mo
Median rent
22%
Households w/ kids
Consumer profile
It's all about the grape. This population enjoys a trip to the vineyard to learn about wine and sharing a good bottle with friends and family.
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
This population has a sweet tooth, and they're looking for treats to satisfy their sugar craving, including candy, cupcakes and flavorful toppings.
Recent sales
What actually sold near 111 W OLYMPIA AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$700,000
320 SULLIVAN STREET
1,831 sqft · $382/sqft · Sold May 28, 2026
$410,000
121 E MCKENZIE STREET
2,246 sqft · $183/sqft · Sold May 11, 2026
$950,000
610 CHARLOTTE STREET
2,027 sqft · $469/sqft · Sold May 30, 2025
Your team
The pros in your corner
Your agent
Ryland Lock
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 111 W OLYMPIA AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 111 W OLYMPIA AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Ryland's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of RE/MAX PALM REALTY · Taylor Brady. MLS #C7528902.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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