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
1/29
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706 Donax St
Sanibel, FL 33957
Middle Gulf Drive


HIGHLIGHTS

  • The combined inns include 10 units with 2 lockouts and flexible configurations to accommodate larger groups or families.
  • On-site amenities include dedicated laundry facilities, storage areas, and an outdoor shower for guest convenience.
  • The Palmview Inn offers connecting doors between select units, creating the option for multi-bedroom arrangements.
  • The Sandpiper Inn includes a pet relief area, adding appeal to animal-friendly travelers.
  • Located in Sanibel, the property benefits from strong tourist demand and proximity to renowned Gulf Coast beaches.
  • Offered as a turnkey hotel opportunity, the asset includes an option for professional management to remain in place.

OVERVIEW

Palmview and Sandpiper Inns present a distinctive investment opportunity in the heart of Sanibel, Florida, with two neighboring inn properties comprising a total of 10 units plus 2 lockouts across four well-maintained buildings. Constructed in 1960 and fully operational as a turnkey hospitality business, these inns offer an established revenue stream with the option to retain experienced management for seamless operation. Combined, the properties feature a variety of room configurations ranging from one-bedroom suites to a three-bedroom, two-bath unit, catering to a range of guest needs. Amenities such as multiple laundry rooms, storage spaces, an outdoor shower, and pet relief areas enhance guest convenience. The lush tropical setting and proximity to Sanibel’s beaches and attractions create strong potential for occupancy growth and repeat clientele. With 6,618 square feet of combined building space and a proven track record as a boutique lodging destination, this asset is positioned for value-add strategies or continued steady income through vacation rentals.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$785 USD /SF

# OF ROOMS

8

PRICE/ROOM

$662,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Palmview

PROPERTY TYPE

Hospitality

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

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Palmer RosenPalcat LLCMore Info
239-410-7115

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