$2,400,000
917 47th Terrace
Cape Coral, FL 33904
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
For Sale – Prime Downtown Cape Coral Opportunity Located in the heart of Cape Coral’s vibrant and rapidly growing downtown district, this well-maintained landmark building presents an exceptional opportunity for investors, owner-users, or developers seeking a versatile commercial asset in a high-visibility location. Offering approximately 8,600 square feet, this two-story concrete building is efficiently designed and thoughtfully configured to support a wide range of uses. The first floor is currently operated as a banquet hall and features a full commercial kitchen with pantry, making it ideal for events, hospitality, restaurant, or adaptive commercial use. Additional first-floor amenities include a conference room, reception/office area, four restrooms, and ample storage, providing both functionality and flexibility. The second floor consists of three large classrooms, additional office space, and two restrooms, making it well suited for professional offices, educational facilities, medical or wellness uses, or co-working space. Notably, the second floor can be easily separated from the first floor, as the building offers two separate entrances and two stairways, allowing an owner to occupy one level while leasing the other for supplemental income. Parking is plentiful with ample spaces available both in the front and rear of the property, a rare and valuable feature in the downtown core. This solidly constructed building boasts concrete trusses and has seen numerous recent capital improvements, including a new roof (2023), new AC units, impact-resistant glass, and new flooring and ceiling tiles on the second floor, ensuring long-term durability and reduced near-term maintenance costs. Adding to its appeal, the seller is open to financing options and would also consider a leaseback of a portion of the space, providing immediate income potential for a new owner. With its prime location, flexible layout, strong construction, and multiple exit strategies, this property offers endless possibilities to bring your vision to life. Opportunities like this in downtown Cape Coral are rare—act quickly.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history53 days on market
- Status: ActiveFeb 1, 2026
- Listed$2,400,000Feb 1, 2026
- Price increased$2,400,000
Virtual Tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 53
- Subdivision
- Cape Coral
- County
- Lee
- Year built
- 1975
- Price/sq ft
- $280
- Building area
- 8,576 sq ft (Appraiser)
- Lot size
- 6,229 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12071C0404G)
- Annual taxes
- $1,592 (2025)
- Parcel #
- 07-45-24-C4-00356.0300
- Zoning
- SC
- MLS #
- C7521062
Interior Details
- Appliances
- Refrigerator
- Stories / Levels
- Two
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air, Other
Parking
- Parking features
- Common, Lighted, Over 30 Spaces
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional, Lease Back, Owner Financing, Private Financing Available
- Ownership
- Corporation
Exterior & Construction
- Construction materials
- Concrete, Stucco
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Phone Available, Water Connected
Listing Details
- Listing date
- 2026-01-31
- On market date
- 2026-02-01
- Original list price
- $2,400,000
- Occupant type
- Owner
- MLS area
- 33904 - Cape Coral
- Listing AOR
- Port Charlotte
- Status changed
- 2026-02-01
- Tax legal description
- CAPE CORAL UNIT 8 BLK 356 PB 13 PG 3 LOTS 30 + 31
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From the intersection of Cape Coral Pkwy E and Santa Barbara Blvd S, Travel East on Cape Coral Pkwy E. Turn Left on SE 9th Pl. Turn Right on SE 47th Ter to 917 SE 47th Ter.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of March 26, 2026 at 6:06 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA