1544 Periwinkle WaySanibel, FL 33957

Property Details for 1544 Periwinkle Way

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.41 AC

Property size (Sq ft)

2,151 SF

Property type

Retail properties

Property subtype

Retail space

APN

30-46-23-T1-00102.0080

APU

304623T1001020080

Description

This exceptional Sanibel Island commercial offering presents a unique dual-property investment opportunity. Located at the highly visible corner of 1544 Periwinkle Way, the main 0.75-acre parcel provides unparalleled exposure on the island's primary thoroughfare, ideal for retail, office, or service businesses. The substantial frontage ensures maximum visibility to both pedestrian and vehicular traffic, guaranteeing high foot traffic and brand recognition. Adding significant versatility is the second parcel, situated at 905 Fitzhugh Street. This property includes a sizable warehouse, perfect for storage, operations, or expansion, and a conveniently located upstairs apartment. This apartment offers multiple uses, including rental income generation, staff housing, or private accommodation. The combination of a prime retail location and a functional warehouse with living space creates a rare opportunity for both business and residential needs. This property's location offers easy access to Sanibel's renowned beaches and the island's vibrant atmosphere. This is a truly exceptional opportunity for investors and entrepreneurs seeking a high-visibility, flexible, and income-generating property in a desirable location. The potential for this dual-property investment is significant, offering a blend of commercial and residential uses in a highly sought-after area. Don't miss this chance to acquire a unique and valuable asset on Sanibel Island.

• CAP approach

  CAP return

  Valuation

  6%

  $838,745

  6.5%

  $774,226

  7%

  $718,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,087,408

  Geo Method

  $989,950

• Alternative Use

  Use

  Valuation

  Residential

  $653,088

  Hospitality

  $598,226

  Educational

  $497,717

  Medical

  $514,834

  Retail

  $774,226

Location Insight

City

Sanibel

County

Lee

State

Florida

Latitude

26.4428

Longitude

-82.0548

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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