555 E Gulf Dr - Apartments FOR SALE


Sanibel, FL 33957- East End Sanibel
$9,200,000 USD
239-281-0441
555 E Gulf Dr, Sanibel, FL for Sale
$9,200,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

555 E Gulf Dr
Sanibel, FL 33957
East End Sanibel


HIGHLIGHTS

  • Only a short walk to the historic Sanibel Island Lighthouse.
  • Direct Gulf-front setting combined with quick access to Periwinkle Way. The beach is only steps away to go shelling.
  • Less than 5 miles to the Bailey-Matthews National Shell Museum
  • Ideal location for vacation rentals, timeshares, condos

OVERVIEW

This Sanibel Beachfront Development Opportunity is 3.84 acres (includes all deeded parcels). The buildable acreage is 1.97± acres (includes 1.64 acre lot and 0.327 acres across the street). Electric/Water/Sewer are hook up ready and available utilities on the property. Zoning is E-2/Gulf Beach Ridge and Land Use is Resort Housing District. Whether utilized as a vacation retreat, condominiums, timeshares, investment property, or build your permanent residence, this property offers an opportunity to experience the best of island living in one of Southwest Florida’s most iconic beach destinations … Sanibel Island! Just three miles off the coast of Fort Myers, Sanibel and Captiva Islands offer one of Florida’s most unforgettable vacation or living experiences. This property was formerly the Surfrider Beach Club (31 Unit Timeshares).

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$613 USD /SF

# OF UNITS

31

PRICE/UNIT

$296,774

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sanibel Beachfront Development Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.84 AC

LAND SF

167,270 SF

ZONING

E-2

APN/PARCEL ID

20-46-23-T3-02200.1010

ASK ABOUT THIS PROPERTY

Michael FryeREMAX Realty Group, Commercial DivisionMore Info
239-281-0441

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Michael FryeREMAX Realty Group, Commercial DivisionMore Info
239-281-0441

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