2163 & 2153 Periwinkle Way, SANIBEL, FL 33957
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- MLS#: 225016441 ( Land )
- Street Address: 2163 & 2153 Periwinkle Way
- Viewed: 5
- Price: $4,750,000
- Price sqft: $0
- Waterfront: No
- Waterfront Type: None
- Year Built: Not Available
- Bldg sqft: 0
- Additional Information
- Geolocation: 26.4375 / -82.0715
- County: LEE
- City: SANIBEL
- Zipcode: 33957
- Subdivision: Not Applicable
- DMCA Notice
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DescriptionImagine, the island cow village! Residential and commercial combined development approved for the following uses: a restaurant within the general commercial district and eight residential home sites. (3 single family residences, 1 duplex, and 1 triplex). Previously home to the well established and highly profitable island cow restaurant with an exceptional reputation and following from both locals and tourists. The sale includes the land, business rights, approved plans and the island cow brand. Prime location next to the community house and city park along the islands main thoroughfare with excellent exposure. Ideal location near the city center with high volume of pedestrian, cyclist and vehicle traffic. In the heart of the island. Steps away from the periwinkle plaza mall, village shops, library, bustling farmers market, arts and theatre. Turnkey project with plans included! Experienced local contractors, engineers and restaurant designers set to start! Estimated restaurant build time: eight months with the current builder and approved plans. Investment highlights: approved plans to expand restaurant seating capacity and allow for the development of eight residential dwellings. Flexibility to develop in phases, starting with the construction of the restaurant allows for faster income with a fully operational restaurant. Installing the necessary infrastructure: roads, plumbing, and electrical systems to support the residential lots ensure future investment profits. Long term value: residential infrastructure development enhances the property's worth, regardless of the residential development path chosen. Build and sell, build and lease, sell individual lots or sell to a developer. Strategic phasing: staggered investment approach by developing in phases allows for optimizing cash flow and risk management. Liquor license: newly designed plans approved for 120 seats to meeting criteria for new florida law 2023 65, effective july 1, 2023. To obtain a 4cop sfs license.
Property Location and Similar Properties
Features
Waterfront Description
- None
Association Amenities
- Restaurant
Close Date
- 0000-00-00
Current Use
- 10-Vacant Commercial
Lot Features
- See Remarks
Area Major
- NOT APPLICABLE
Parcel Number
- 25-46-22-T1-00002.0020
Possible Use
- Commercial
- Single Family
- Other/See Remarks
Property Type
- Land
Sewer
- None
Tax Year
- 2024
Utilities
- None
View
- Landscaped Area
- Partial Buildings
- Trees/Woods
Virtual Tour Url
- https://www.propertypanorama.com/instaview/fgcmls/225016441
Water Source
- None
Zoning Code
- Gen Comm and Residential


