Property
ActiveCommercial
1/49
$2,100,000

917 SE 47TH TERRACE

Cape Coral, FL 33904
0
Beds
0
Baths
8,576
SqFt
0.14
Acres
STELLAR
#C7521062
Updated: Jun 29, 2026, 9:23pm

Property Description

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.
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Included Appliances
Refrigerator

Property Details

Interior
Appliances
Refrigerator
Building Area Total
8576
Cooling
Central AirOther
Heating
CentralElectric
Construction
Building Area Source
Appraiser
Building Area Units
Square Feet
Construction Materials
ConcreteStucco
Foundation Details
Slab
Levels
Two
Living Area Units
Square Feet
Stories Total
2
Year Built
1975
Site & Exterior
Flood Zone Code
AE
I D X Participation
Yes
Lot Features
Central Business District
Lot Size Acres
0.14
Lot Size Area
6229
Lot Size Dimensions
50 x 125
Lot Size Square Feet
6229
Lot Size Units
Square Feet
Parking Features
CommonLightedOver 30 Spaces
Public Survey Range
24E
Public Survey Section
07
Road Frontage Type
Business DistrictCity Street
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Electricity AvailablePhone AvailableWater Connected
Water Source
Public
Zoning
SC
Financials
Calculated List Price By Calculated Sq Ft
244.87
Contract Status Change Date
2026-02-01
Current Price
2100000
Feed Types
BBO
Owner Name
CAPE CORAL POWER SQUADRON INC
Ownership
Corporation
Parcel Number
074524C400356.0300
Public Survey Township
45
Tax Annual Amount
1592.47
Tax Block
356
Tax Book Number
13-3
Tax Legal Description
CAPE CORAL UNIT 8 BLK 356 PB 13 PG 3 LOTS 30 + 31
Tax Lot
30
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33904 - Cape Coral
Subdivision Name
CAPE CORAL
Listing provided courtesy of STELLAR via IDX. Updated: Jun 29, 2026, 9:23pm.
Christine Blasses

Listing Agent

CENTURY 21 SELLING PARADISE

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