$ 3,500,000
1245 Periwinkle WAY Sanibel, FL 33957
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$ 3,500,000
Est. payment | /mo
2.44 Acres Lot
$ 3,500,000
Est. payment | /mo
2.44 Acres Lot
Key Details
Property Type Commercial
Sub Type Hotel/ Motel
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 223071391
Construction Status Known Damage
HOA Y/N No
Year Built 1959
Annual Tax Amount $36,658
Tax Year 2022
Lot Size 2.440 Acres
Acres 2.44
Property Description
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: 12 nightly units and 1 managers cottage or possible monthly rental, 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.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Waterfront Description None
Garage No
Building
Story 1
Construction Status Known Damage
Others
Senior Community No
Tax ID 19-46-23-T3-00014.0020
Listed by Pfeifer Realty Group LLC • Dawn Marie Ramsey
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