Two Meatballs in the Kitchen owners buy Sam Snead's for new restaurant concept

BUYER: Grampas LLC (principal: Salvatore Basile), Fort Myers
SELLER: CNL Bank
PROPERTY: 9520 Marketplace Road, Fort Myers
PRICE: $921,500
PREVIOUS PRICE: $1.13 million, January 2005
LAW FIRM ON DEED: Lightsey & Associates PA, Winter Park

PLANS, DESCRIPTION: Salvatore Basile, his son Alex Basile and son-in-law Paul Torocco purchased a 8,209-square-foot former Sam Snead's restaurant building for $921,500.

The price equated to $112 per square foot. That figure is lower than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.