706 Donax St - Hospitality FOR SALE


Sanibel, FL 33957- Middle Gulf Drive
$5,300,000 USD
239-410-7115
706 Donax St, Sanibel, FL for Sale
$5,300,000 USD
Hospitality - FOR SALE
1/25
null | 8.5% Cap Rate

706 Donax St
Sanibel, FL 33957
Middle Gulf Drive


OVERVIEW

Once in a generation opportunity to own not one, but two, of the few remaining motel/hotel establishments on Sanibel Island! Legally permitted for nightly rentals and generating close to $1,000,000 in annual revenue, the Palmview and Sandpiper Inns are powerhouse performers with strong historical and future rental performance. Receiving a ground up renovation in 2024 with existing management in place (if the new owner so desires), both are well outfitted to offer their new owner a consistent, worry-free, income for years to come! Financials for 2024, 2025, and 2026 available upon request. Adjusted EBITDA of $450,534.55 for 2025. $474,731 revenue on the books for 2026 as of 3/9/26.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$785 USD /SF

# OF ROOMS

8

PRICE/ROOM

$662,500 {currency}

CAP RATE

8.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Palmview & Sandpiper Inns

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1965

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

Commercial

APN/PARCEL ID

30-46-23-T2-00304.0140

ASK ABOUT THIS PROPERTY

Palmer RosenPalcat LLCMore Info
239-410-7115

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

Palmer RosenPalcat LLCMore Info
239-410-7115

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