111 W Olympia Ave, photo 1
Active
1 / 25

Overview

0 ba2,221 sqftRestaurant
TypeRestaurant
HOANone listed
Built1952
Lot4,050 sqft
Living area2,221 sqft
Price / sqft$450

Ask anything about this home

Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

111 W Olympia Ave is a 1952-built home in Punta Gorda, Punta Gorda. Listed at $1,000,000 (about $450/sqft), 61 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
1952
Price / sqft
$450
On market
61 days
Annual tax
$6,627
Flood zone
AE
Lot
4,050 sqft
Type
Restaurant

At a glance

Single family
Built 1952
4,050 sqft lot
Lot size
2,221 sqft
Living area

Payment

Est. monthly payment
$6,267/mo
Down payment (20%)
$200,000
Property taxes
$552/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Restaurant
Year Built
1952
Lot
4,050 sqft
Cooling
Central Air
Heating
-
Parking
Public Parking
Days on Market
61
Flood Zone AE
Annual Tax (2025)
$6,627
Parcel #
412306382003

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Punta Gorda
County
Charlotte
MLS Area
33950 - Punta Gorda
Lot Size
4,050 sqft

Price history

Date
Event
Price
8/10/2026
Listed for sale
Source: Stellar MLS #C7528902
$1,000,000
$450/sqft

Neighborhood

111 W Olympia Ave
Punta Gorda, FL, 33950 · 33950 - Punta Gorda

Market insights

Offer Insights

Choose an offer strength

List price: $1,000,000
$970,000 – $1.00M
96.9% – 100% of listTops out right at the list price
80% of listList price
138 of the last 275 home closings in 33950 landed at this number or higher (50%). The median one sat 68 days before it went under contract, and this one is on day 61.

Sample: 275 closed home sales in 33950 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$6,268/mo
Principal & interest$5,215
Property taxes$552
Insurance$500
Down payment20% · $200,000
Interest rate6.80%
Loan term

Not sure what you can afford?

Put in your household income and we will tell you where this payment sits.

Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$1,000,000

$450 per sq ft

Size

2,221 sq ft

Time on market

61 days

Year built

1952

Monthly payment

About $6,267/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,627 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byRE/MAX PALM REALTYListing agent: Taylor BradyListing data from Stellar MLS, MLS# C7528902.

Keep exploring Florida

Pick up where you left off, or see what else is out there.