917 47th Terrace, FL
Stellar MLS

$2,400,000

917 47th Terrace

Cape Coral, FL 33904

Active
0
Baths
0.14
Acres
1975
Built
$280/sqft
Mixed Use

Property type

1975

Year built

6,229 sqft

Lot size

$280

Price / sq ft

No HOA

HOA dues

53

Days on market

AE

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

Principal & interest$12,136
Property taxes$133
Home insurance (est.)$1,100

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

  1. Status: Active
    Feb 1, 2026
  2. Listed$2,400,000
    Feb 1, 2026
  3. 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

High riskFEMA Zone AEPanel 12071C0404G

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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MLS GRID

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