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4,705± SF Professional Office Building 506 SW 47th Ter 4,705 SF Vacant Office Building Cape Coral, FL 33914 $1,395,000 ($296.49/SF)
INVESTMENT HIGHLIGHTS
- Beautiful Key West Design
- 1 New AC Units
- Great Location / Excellent Parking
- Brand New Metal Roof
- Lots of Natural Light
EXECUTIVE SUMMARY
This spacious 4,705± SF professional office building is available for sale. Built with a stem wall foundation with 4 foot crawl space, the building has a Key West design, vinyl siding, a metal roof, a covered and handicap accessible entrance. The space is fully built out as office and consists of a reception area, 7 standard offices, 2 conference rooms, two large open work areas, kitchenette, and 4 private restrooms. This building is well designed for many professional office or medical uses and can even be divided into two separate spaces. The building has excellent parking and has convenient access from either Cape Coral Parkway via SW 5th Place going north or Skyline Blvd. The land size is approximately 35,000± SF.
All described office space is first floor. The high roof is an architectural feature.
The new roof was completed in May 2025. The roof was constructed with Premier Metal 24 gauge Standing Seam Permashield Galvalume Steel with a 45-year manufacturer warranty. In addition, 1 new 4-ton AC unit has been installed.
As a note - the parcel next door, located at 430 SW 47th Terrace, is approved to build a 4-story building consisting of 8,300± SF of commercial space and 39 units of workforce housing.
All described office space is first floor. The high roof is an architectural feature.
The new roof was completed in May 2025. The roof was constructed with Premier Metal 24 gauge Standing Seam Permashield Galvalume Steel with a 45-year manufacturer warranty. In addition, 1 new 4-ton AC unit has been installed.
As a note - the parcel next door, located at 430 SW 47th Terrace, is approved to build a 4-story building consisting of 8,300± SF of commercial space and 39 units of workforce housing.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$12,829
|
$2.73
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,829
|
$2.73
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $12,829 |
| Annual Per SF | $2.73 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,829 |
| Annual Per SF | $2.73 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,705 SF
Building Class
B
Year Built/Renovated
1990/2002
Price
$1,395,000
Price Per SF
$296.49
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,705 SF
Building FAR
0.13
Lot Size
0.80 AC
Zoning
P - (Professional Office) City of Cape Coral - Designed to encourage the development of professional office complexes in areas that are already developed.
Parking
32 Spaces (6.8 Spaces per 1,000 SF Leased)
AMENITIES
- Reception
- Storage Space
- Natural Light
PROPERTY TAXES
| Parcel Number | 11-45-23-C4-01700.0450 | Total Assessment | $685,191 |
| Land Assessment | $0 | Annual Taxes | $12,829 ($2.73/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-45-23-C4-01700.0450
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$685,191
Annual Taxes
$12,829 ($2.73/SF)
Tax Year
2024
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4,705± SF Professional Office Building | 506 SW 47th Ter
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