885 SE 47th TER, Cape Coral, 33904
885 SE 47th TER, Cape Coral, 33904
885 SE 47th TER, Cape Coral, 33904
885 SE 47th TER, Cape Coral, 33904
885 SE 47th TER, Cape Coral, 33904
885 SE 47th TER, Cape Coral, 33904
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Pfeifer Realty Group

Pfeifer Realty Group

+1(239) 472-0004
$ 3,550,000
Est. payment | /mo

0.75 Acres Lot

Save
$ 3,550,000
Est. payment | /mo
Save

0.75 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226038000

Style Low Rise,Mid Rise

HOA Y/N No

Year Built 1981

Annual Tax Amount $21,707

Tax Year 2025

Lot Size 0.750 Acres

Acres 0.75

Property Sub-Type Office

Property Description

One or more photo(s) has been virtually staged, AI generated or rendered. Exceptional opportunity to acquire a strategically located three-parcel commercial assemblage in the heart of Downtown Cape Coral, consisting of 885 SE 47th Terrace, 4706 SE 9th Place and 4710 SE 9th Place. Positioned in the rapidly transforming South Cape district and directly across from major new mixed-use development, the property offers investors and developers a rare combination of immediate cash flow, contractual income growth, valuable vacant land and significant long-term redevelopment potential. The two existing commercial buildings are occupied under NNN lease structures and currently generate approximately $154,975 in annual Net Operating Income. Contractual rental increases provide additional upside, with projected NOI from the existing buildings increasing to approximately $160,484 in 2027, $170,164 in 2028 and $178,678 in 2029, before considering any additional income from development of the vacant parcel. Situated between the two income-producing properties, 4710 SE 9th Place offers an immediate value-add opportunity. An investor may have the ability to develop additional retail, restaurant, medical, professional office or other compatible commercial space while allowing the existing buildings to continue producing revenue. This strategy creates the potential to significantly increase total NOI without initially disturbing the established tenant base. For a developer seeking a larger vision, the combination of all three parcels creates an opportunity to assemble the site into a unified three- or four-story mixed-use redevelopment. A future concept could potentially incorporate ground-floor retail, restaurants, medical or professional space with residential apartments, condominiums or additional office space above, subject to zoning, density, parking and governmental approvals. Outdoor dining, pedestrian-oriented streetscapes, balconies, rooftop amenities and contemporary architecture could further capitalize on the evolving character of Downtown Cape Coral. The surrounding area is undergoing a significant transformation. Nearby developments such as The Cove are introducing additional residential density, restaurants, retail, entertainment and pedestrian activity, creating strong synergy for surrounding commercial properties. This continued investment is helping establish South Cape as one of the city's primary lifestyle, dining and entertainment destinations. What makes this offering particularly compelling is the flexibility it provides. A buyer can hold the existing NNN investment and benefit from growing NOI, develop the vacant middle parcel to create additional income, or ultimately redevelop the entire assemblage into a higher-density mixed-use project. This assemblage provides investors and developers with the ability to generate revenue today while maintaining control of a strategically positioned site with substantial potential for tomorrow.

Location

County Lee

Area Cc12 - Cape Coral Unit 7-15

Interior

Furnishings Furnished

Fireplace No

Exterior

Waterfront Description None

Present Use Retail

Garage No

Building

Story 1

Entry Level Three Or More

Architectural Style Low Rise, Mid Rise

Level or Stories Three Or More

Others

Senior Community No

Listed by Royal Shell Real Estate, Inc. • Ronald A Delfino

Nearby Locations

Pfeifer Realty Group

“My goal is to guide you through every step of the process, providing expert advice and personalized service to ensure your real estate journey is seamless and stress-free. With Pfeifer Realty Group, you’re not just getting an agent – you’re gaining a trusted partner.”

+1(239) 472-0004

info@pfeiferrealtygroup.com

1630 Periwinkle Way Unit I, Sanibel, Florida 33957, USA

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885 SE 47th TER