Two-Unit Building in CRA District

1615 SE 47th Ter, Cape Coral, FL 33904

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For Sale

$1,072,000

Two-unit building with flexible zoning and income potential.

Type:Commercial

Property size:

3,634 SF

Price / SF:

$294/SF

HighLights

High Income Potential: Generates $44,816.00 Net Operating Income with current tenants.
Flexible SC Zoning: Suitable for various business types.
Two Unit Building: Offers potential for diverse income streams or owner occupancy.
Flexible Sales Options: Can be purchased vacant or occupied.
Tenant Interest: Current tenants have expressed interest in renewing their leases.
Located in CRA District: May offer potential benefits or incentives.

We can help!

Listing Contact

Jack Britton

Learn more

For Sale

$1,072,000

Two-unit building with flexible zoning and income potential.

Type:Commercial

Property size:

3,634 SF

Price / SF:

$294/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 3:22 pm

Property Features for 1615 SE 47th Ter

General Information

Standard status: Active
Size: 3,634 SF
Property subtype: Commercial

Building Details

Year Built: 1978

We can help!

Listing Contact

Jack Britton

Listing agent Jack Britton License #252000141

Listing office Professional Realty

Listing date Apr 24, 2026

Source Elliman

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 Professional Realty

HighLights

High Income Potential: Generates $44,816.00 Net Operating Income with current tenants.
Flexible SC Zoning: Suitable for various business types.
Two Unit Building: Offers potential for diverse income streams or owner occupancy.
Flexible Sales Options: Can be purchased vacant or occupied.
Tenant Interest: Current tenants have expressed interest in renewing their leases.
Located in CRA District: May offer potential benefits or incentives.

Overview

The property is a 3,634 square foot two-unit building situated within a CRA district. It is zoned SC, offering flexible usage options. Previously, the property has served as an insurance office, real estate office, deli, bakery, and crafts studio. The property can be purchased vacant, with the seller having the right to have tenants vacate upon sale, or it can be purchased occupied. Currently, the property is leased to two tenants, generating a Net Operating Income of $44,816.00 based on the current owner's leases and operating expenses. Both tenants' leases are expiring this year, and both have expressed interest in staying.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$78.5k	$21.60
− Vacancy	−$1.6k	−$0.43
EGI	$76.9k	$21.17
− OpEx	−$19.2k	−$5.29
NOI	$57.7k	$15.88

3,634 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$824.2K

$721.2K – $961.6K (±1% cap)

NOI $57,693 @ 7.0% cap · market cap 5.38%

Second Best

Retail

$782.9K

$685.0K – $913.3K (±1% cap)

NOI $54,800 @ 7.0% cap · market cap 5.11%

Theoretical Best

Office A

$942.9K

$825.1K – $1.10M (±1% cap)

NOI $66,005 @ 7.0% cap · market cap 6.16%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

4 Seasons Realty, ... Real Estate Agency Sweet Real Bakery Pogo Gorwood Real Estate Agency The Bracher Team Real Estate Agency The Wallflower Shoppe (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Cape Coral
County: Lee
State: Florida
Longitude: -81.9430338
Latitude: 26.5639879

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For sale
Storefront properties
FL
Cape Coral
33904
1615 SE 47th Ter

What type of property is this?

Storefront property - Two-unit building with flexible zoning and income potential.

Where is this storefront property located?

The property is located at 1615 SE 47th Ter Cape Coral, FL.

What is the asking price?

The asking price for this property is $1,072,000.

What are key features of this property?

This property features: High Income Potential: Generates $44,816.00 Net Operating Income with current tenants.; Flexible SC Zoning: Suitable for various business types.; Two Unit Building: Offers potential for diverse income streams or owner occupancy.