Downtown Cape Coral Landmark Building

917 SE 47th Ter, Cape Coral, FL 33904

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For Sale

$2,400,000

Two-story, 8,600 SF building in Cape Coral's downtown district.

Type:Commercial

Property size:

8,600 SF

Price / SF:

$279/SF

HighLights

Prime downtown Cape Coral location in a rapidly growing area with high visibility.
Versatile 8,600 sq ft two‑story concrete building suitable for various commercial uses.
Potential for dual income streams: first floor banquet hall with commercial kitchen, and a second floor that can be leased separately.
Recent capital improvements: new roof (2023), new AC units, impact‑resistant glass, and updated second‑floor flooring and ceiling tiles.
Ample parking available in both the front and rear of the property.
Seller financing options available and potential leaseback of a portion of the space for immediate income.

We can help!

Contact an agent

Christine Blasses

Learn more

For Sale

$2,400,000

Two-story, 8,600 SF building in Cape Coral's downtown district.

Type:Commercial

Property size:

8,600 SF

Price / SF:

$279/SF

Added:: Apr 24, 2026
Days on Market:: 65
Last Refresh:: Apr 24 at 3:22 pm

Property Features for 917 SE 47th Ter

General Information

Standard status: Active
Size: 8,600 SF
Property subtype: Commercial

Building Details

Year Built: 1975

We can help!

Contact an agent

Christine Blasses

Listing office Century 21 Selling Paradise

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 Century 21 Selling Paradise

HighLights

Prime downtown Cape Coral location in a rapidly growing area with high visibility.
Versatile 8,600 sq ft two‑story concrete building suitable for various commercial uses.
Potential for dual income streams: first floor banquet hall with commercial kitchen, and a second floor that can be leased separately.
Recent capital improvements: new roof (2023), new AC units, impact‑resistant glass, and updated second‑floor flooring and ceiling tiles.
Ample parking available in both the front and rear of the property.
Seller financing options available and potential leaseback of a portion of the space for immediate income.

Overview

Located in the heart of Cape Coral's downtown district, this two-story concrete building offers approximately 8,600 square feet of space. The first floor, currently operating as a banquet hall, includes a full commercial kitchen with pantry, a conference room, a reception/office area, and four restrooms. This makes it suitable for events, hospitality, restaurant, or adaptive commercial use. The second floor features 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. The building has two separate entrances and two stairways, allowing the second floor to be separated from the first, enabling an owner to occupy one level while leasing the other. Ample parking is available in both the front and rear of the property. Recent capital improvements include a new roof (2023), new AC units, impact-resistant glass, and new flooring and ceiling tiles on the second floor. The seller is open to financing options and would consider a leaseback of a portion of the space. The building is efficiently designed and thoughtfully configured to support a wide range of uses.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$185.8k	$21.60
− Vacancy	−$3.7k	−$0.43
EGI	$182.0k	$21.17
− OpEx	−$45.5k	−$5.29
NOI	$136.5k	$15.88

8,600 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.95M

$1.71M – $2.28M (±1% cap)

NOI $136,534 @ 7.0% cap · market cap 5.69%

Second Best

Retail

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,687 @ 7.0% cap · market cap 5.40%

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $156,204 @ 7.0% cap · market cap 6.51%

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

Location Intelligence

Current Use by Public Records

America's Boating Club/Cape ... Boat Club Cape Coral Power ... Association / Organization Royal Portable Toilets Production Facility Royal Portable Toilet ... Production Facility

Suggested Use

Location Insight

Map
Local Demand

City: Cape Coral
County: Lee
State: Florida
Longitude: -81.9531978
Latitude: 26.5639892

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For sale
Retail space
FL
Cape Coral
33904
917 SE 47th Ter

What type of property is this?

Retail space - Two-story, 8,600 SF building in Cape Coral's downtown district.

Where is this retail space located?

The property is located at 917 SE 47th Ter Cape Coral, FL.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Prime downtown Cape Coral location in a rapidly growing area with high visibility.; Versatile 8,600 sq ft two‑story concrete building suitable for various commercial uses.; Potential for dual income streams: first floor banquet hall with commercial kitchen, and a second floor that can be leased separately.