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Medical Office Building with MRI
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506 SE 47th Terrace, Cape Coral, FL 33904

Medical office building with existing MRI center in Cape Coral.

Property Size4,891 SF
Days on Market252

Property Features for 506 SE 47th Terrace

General Information

Standard status Active
Size 4,891 SF
Property subtype Office
Listing Agency: SVN - Commercial Partners | Fort Myers
Listed By: John Albion
Source: Svn
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: May 8 at 9:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN - Commercial Partners | Fort Myers

Investment Insights

Based on property information with market context.

This medical office building features an existing MRI center, including equipment and business for sale. The office buildout includes an MRI room and an X-ray room built to code for medical imaging standards. The MRI and X-ray rooms include approximately $2,000,000 in improvements. The property is located in busy Cape Coral Downtown, close to the corner of Cape Coral Parkway and Palm Tree Blvd. It is next door to the current Lee Physician Group for Internal Medicine in the Lee Memorial Health System-owned building. The location benefits from over 35,000 AADT at Cape Coral Parkway E. and Palm Tree Drive, with the building situated one parcel from Cape Coral Parkway. There are two tenants: an Imaging Center (Owner-User) and Physician Services & Rehab (Short-term Tenant). A new Lee Health Clinic at Bimini Square is expected to occupy most of the 1st floor and is slated to open Summer of 2025. The project includes retail, office, a waterfront restaurant, and 218 apartments and is located on the south side of Cape Coral Pky. Lee County is experiencing a growing population, adding 90 residents per day. The property size is 4891 square feet.

Key Highlights

  • Existing MRI Center with Equipment and Business Included
  • Prime Location in Busy Cape Coral Downtown
  • MRI and X‑ray Rooms with $2,000,000 in Improvements

Property Analytics

Current Use

MD Solutions LLC (Bike/Boat/Book/etc) Store RX Imaging of SWFL Medical Clinic Radiology Mir Ct ... Medical Clinic healthy community center Crisis Center Dr. Robert K. ... Physician

Suggested Use

Top Pick Dental Office Parking Lot & Garage Storage Facility Daycare Center Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,496
Businesses Nearby
Balanced
Demand for This Use

Demographics for 33904, FL

32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office building with existing MRI center in Cape Coral.
Where is this medical office space located?
The property is located at 506 SE 47th Terrace Cape Coral, FL.
What are key features of this property?
This property features: Existing MRI Center with Equipment and Business Included; Prime Location in Busy Cape Coral Downtown; MRI and X‑ray Rooms with $2,000,000 in Improvements
More about this property
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