$3,500,000

1245 Periwinkle Way, SANIBEL, FL

2.44

Acres

Quick Summary

Located in Sanibel, 1245 Periwinkle Way (MLS®# 223071391) is a gorgeous Commercial Sale property. It features 2.44 acres of lot.

This Property was originally built in 1959. It is currently listed for $3,500,000.

Remarks

OVERVIEW: Rare investment opportunity to own a hotel with nightly rentals on Sanibel Island. Perfectly positioned investment location along the islands bike path and walking distance to beaches, shopping, dining establishments FEATURES: 13 Rooms, each with private bathroom and kitchen. Efficiencies, studios, and three spacious A-frame cottages. 2.44-acres boasts spacious grounds, including a large pool, picnic areas, bike storage, ample parking, tranquil pond, office area, laundry facility and storage. VERSATILITY: Whether you envision a boutique hotel recreated within the existing footprint or redesigning for residential development, it offers the flexibility to explore both options. SANIBEL RARITY One of the few properties on Sanibel Island permitted for nightly rentals. VISIBILTY: located along the island's main road while benefiting from its set-back position, allows amble privacy. HIGHLIGHTS: Ideal visibility and located just under a mile from the beautiful white sandy beaches, this is an exceptional opportunity to create a unique hospitality experience. Don’t miss this chance to own a piece of Sanibel and transform this iconic 1959 motel into a sought-after boutique hotel.

Facts & Features

MLS® # 223071391
Price $3,500,000
Bathrooms 0.00
Acres 2.44
Year Built 1959
Type Commercial Sale
Status Active

Community Information

Address 1245 Periwinkle Way
Area SI01 - Sanibel Island
City SANIBEL
County Lee
State FL
Zip Code 33957

Amenities

Is Waterfront No
Waterfront None
Has Pool No
Private Pool No
Gulf Access No

Interior

Fireplace No

Additional Information

Days on Market 61
Foreclosure No
Short Sale No

Listing Details

OfficePfeifer Realty Group LLC

Listing Map

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