4557 Wharf Road, Cardigan

About this property

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), while potentially remaining eligible for heritage grant funding. 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:66811)