1245 Periwinkle WAY SANIBEL FL 33957 MLS #223071391

1245 Periwinkle WAY
SANIBEL, FL, 33957
$3,500,000
Beds
0 Baths
SqFt
2.44 Acres
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Listing Provided Courtesy of Pfeifer Realty Group LLC
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.

Property Details

Price:
$3,500,000
MLS #:
223071391
Status:
Active
Beds:
0
Baths:
0
Address:
1245 Periwinkle WAY
Type:
Commercial
City:
SANIBEL
Listed Date:
Sep 29, 2023
State:
FL
ZIP:
33957
Lot Size:
106,286 sqft / 2.44 acres (approx)
Year Built:
1959
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Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$36,658

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1245 Periwinkle WAY
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