$2,400,000127 days on marketActive

917 SE 47th Terrace, Cape Coral, FL 33904

Cape Coral, FL 33904

Sq Ft

1975

Year Built

0.2 acres

Lot Size

Listing Snapshot

List Price	$2,400,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.2 acres

Year Built	1975
Property Tax	$1,592/yr
MLS #	1151985932
Status	Active
Days on Market	127

About This Home

For Sale – Prime Downtown Cape Coral OpportunityLocated in the heart of Cape Coral’s vibrant and rapidly growing downtown entertainment district, this well-maintained landmark building offers an exceptional opportunity for investors, owner-users, or developers seeking a high-visibility commercial asset. The approximately 8,600 sq ft, two-story concrete building is 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, conference room, reception/office area, four restrooms, and ample storage—ideal for events, hospitality, restaurant, or adaptive commercial use. The second floor includes three large classrooms, additional office space, and two restrooms, making it well suited for professional offices, education, medical, wellness, or co-working space.The building offers two separate entrances and stairways, allowing the floors to be easily separated—perfect for an owner to occupy one level while leasing the other. Ample front and rear parking is a rare downtown advantage.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 may consider financing options and a partial leaseback, offering immediate income potential. Prime location, flexible layout, and strong construction make this a rare downtown Cape Coral opportunity.