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1039 & 1041 Periwinkle Way, SANIBEL, FL 33957
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1039 & 1041 Periwinkle Way
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  • MLS#: 225043990 ( Commercial Sale )
  • Street Address: 1039 & 1041 Periwinkle Way
  • Viewed: 3
  • Price: $5,400,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1940
  • Bldg sqft: 0
  • Additional Information
  • Geolocation: 26.4457 / -82.0414
  • County: LEE
  • City: SANIBEL
  • Zipcode: 33957
  • DMCA Notice
  • Description
    Sanibel Commons an Investors Dream on Sanibel Island. Heres an exceptional opportunity to acquire a current income producing property right in the heart of Sanibel Island with 200 feet of prime road frontage for unbeatable visibility. This is a high exposure, income producing property perfectly positioned on Sanibel Islands main corridor! The property covers 1.68 acres and includes three separate buildings, each offering its own unique purpose, character, and income. The Main Flex Building (built in 2020) is an elevated, modern space offers 3,073 SF of flexible use for retail, office, warehouse, or garage. Its well built and designed with versatility in mind, perfect for a variety of business types. Two tenants in place one is a well established and longtime island pool service company with retail component. The Bait Box (1,206 SF) A beloved Sanibel landmark, built in 1940 and recently renovated and elevated in 2023 to preserve its legacy and withstand the test of time. Its currently under a multi year lease, making it a solid source of income from day one. Curio Cottage (717 SF) Another charming retail boutique building with a long term tenant already in place. This one adds additional stability and cash flow of the property. Youll also benefit from a conditional use permit for leased parking, which adds extra value and income potential. The entire property is being offered as real estate only, including the land, fee simple interest in the flex building, leased fee interest in the two retail buildings, and any conditional use permits currently in place. Please note: The real estate is for sale with current tenants in place. Whether youre looking for a steady investment, a flexible use property, or a long term hold in a prime Sanibel location this investment combines reliable cash flow with long term appreciation potential in a high demand location. These types of properties don't come around oftenespecially with built in tenants and some room to grow on the property.
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Features
Waterfront Description
  1. None
Close Date
  1. 0000-00-00
Inclusions
  1. Building And Land
  2. Equipment
  3. Fixtures
Parcel Number
  1. 19-46-23-T3-00011.0010
Property Type
  1. Commercial Sale
Tax Year
  1. 2024
Utilities
  1. Electricity Connected
  2. Sewer Connected
  3. Water Connected
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/fgcmls/225043990
Year Built
  1. 1940
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com