1571 Periwinkle Way - Freestanding FOR SALE


Sanibel, FL 33957- Middle Gulf Drive | 
$2,674,000 USD
863-227-6200
1571 Periwinkle Way, Sanibel, FL for Sale
$2,674,000 USD
Freestanding - FOR SALE
1/17
null | Request Cap Rate

NEW


1571 Periwinkle Way
Sanibel, FL 33957
Middle Gulf Drive


HIGHLIGHTS

  • 1.44± acres of commercial land | Zoned General Commercial (GC)
  • 100 feet of prime Periwinkle Way frontage
  • (8) customer parking spots, with additional (6) employee parking spots
  • Close connectivity to Sanibel Beach and Fort Myers Beach
  • Commercial and Residential tenants in place for additional income
  • Space to add additional building area behind existing structure

OVERVIEW

1571 Periwinkle Way offers an exceptional opportunity for investors and/or owner users to acquire a commercial retail building in the heart of Sanibel Island's premier retail and dining corridor. Positioned with 100 feet of frontage directly on Periwinkle Way, the island's main commercial thoroughfare, the property benefits from constant visibility and foot traffic among the shops, restaurants, and boutiques that define Sanibel's village-like Commercial district. The property is located just minutes from the Sanibel Causeway Bridge, providing convenient access for both island residents and the seasonal visitor traffic that drives Sanibel's retail economy, as well as proximity to the island's beaches. Zoned General Commercial, the property supports a wide array of permitted uses, offering flexibility for retail, office, services or mixed commercial use. Moreover, the site presents potential to add additional building area behind the existing structure, offering a value-add opportunity to expand the improved square footage and income potential. Combining an irreplaceable location, flexible zoning, and expansion potential, 1571 Periwinkle Way represents a rare opportunity to own a piece of one of Southwest Florida's most sought-after markets. PROPERTY HIGHLIGHTS: • 1.44± acres of commercial land • Zoned General Commercial (GC) • 100 feet of prime Periwinkle Way frontage • (8) customer parking spots, with additional (6) employee parking spots • Close connectivity to Sanibel Beach and Fort Myers Beach • Commercial and Residential tenants in place for additional income • Space to add additional building area behind existing structure LOCATION HIGHLIGHTS: ?• 1.5± miles to Sanibel Causeway Bridge • 2.5± miles to Sanibel Lighthouse • 9.0± miles to Captiva Island • 11.5± miles to Fort Myers Beach • 19.5± miles to Downtown Fort Myers • 25.0± miles to SWFL International Airport (RSW)

FOR SALE DETAILS

PRICE

$2,674,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Periwinkle Mixed-Use Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

GC

APN/PARCEL ID

30-46-23-T1-00004.0010

ASK ABOUT THIS PROPERTY

Hunter WardLSI Companies, Inc.More Info
863-227-6200

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Hunter WardLSI Companies, Inc.More Info
863-227-6200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.