Shopping Neighborhood

909 SE 47th Terrace

909 SE 47th Terrace, Cape Coral, FL 33904

Listing Price: $2,100,000

Cap Rate
7.43%
Gross SF
15,788
Rentable SF
15,788
Price/Gross SF
$133.01
Lot Size
0.46 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to exclusively present 909 SE 47th Terrace located in Cape Coral, Florida. The offering is a two-story Office and Retail Mixed-Use asset that totals to 15,788 square feet situated on almost a half-acre lot. The building is strategically located on the corner of SE 47th Terrace and SE 9th Place within the Downtown Cape Coral CRA District. Cape Coral has been recognized as one of the fastest growing cities in the United States and the offering presents an opportunity to acquire an asset in the heart of this rapidly growing market.

909 SE 47th Terrace has historically maintained a high occupancy and is currently operating at 97% occupied. The property has seven retail bays on the ground floor and five office suites on the second floor that are currently operating as mini executive suites. The well-maintained asset is an excellent opportunity for investors to acquire a stabilized deal with immediate upside in leasing out the two vacancies, or an owner-user looking for a space to operate their business while collecting passive income.

Investment Highlights

  • Phenomenal Opportunity for both an Investor & Owner/User
  • Historical High Occupancy
  • 15,788 Square Foot Retail/Office Mixed-Use Asset
  • Diverse & Long Term Tenants
  • Situated On Almost Half an Acre With Ample Parking
  • Contains Multiple Mini Executive Suites That Average 200-300 Square Feet

Exclusively Listed By

Shopping Neighborhood

909 SE 47th Terrace

Listing Price: $2,100,000

Cap Rate
7.43%
Gross SF
15,788
Rentable SF
15,788
Price/Gross SF
$133.01
Lot Size
0.46 acres
Year Built
1987

Investment Highlights

  • Phenomenal Opportunity for both an Investor & Owner/User
  • Historical High Occupancy
  • 15,788 Square Foot Retail/Office Mixed-Use Asset
  • Diverse & Long Term Tenants
  • Situated On Almost Half an Acre With Ample Parking
  • Contains Multiple Mini Executive Suites That Average 200-300 Square Feet

Investment Overview

Marcus & Millichap is pleased to exclusively present 909 SE 47th Terrace located in Cape Coral, Florida. The offering is a two-story Office and Retail Mixed-Use asset that totals to 15,788 square feet situated on almost a half-acre lot. The building is strategically located on the corner of SE 47th Terrace and SE 9th Place within the Downtown Cape Coral CRA District. Cape Coral has been recognized as one of the fastest growing cities in the United States and the offering presents an opportunity to acquire an asset in the heart of this rapidly growing market.

909 SE 47th Terrace has historically maintained a high occupancy and is currently operating at 97% occupied. The property has seven retail bays on the ground floor and five office suites on the second floor that are currently operating as mini executive suites. The well-maintained asset is an excellent opportunity for investors to acquire a stabilized deal with immediate upside in leasing out the two vacancies, or an owner-user looking for a space to operate their business while collecting passive income.

Exclusively Listed By

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