1446 Periwinkle WaySanibel, FL 33957

Property Details for 1446 Periwinkle Way

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

2,358 SF

Property type

Retail space

APN

19-46-23-T4-00021.0020

APU

194623T4000210020

Description

This exceptional Sanibel Island offering presents a unique investment opportunity encompassing a prime commercial location and multiple residential units. The property boasts 150 feet of frontage along Periwinkle Way, Sanibel's main thoroughfare, ensuring high visibility and accessibility. The main structure is a 2,358-square-foot retail building featuring multiple showrooms, ideal for a variety of businesses. Ample parking is available directly in front, providing convenient access for customers and residents. Beyond the retail space, the property includes a substantial 2,390-square-foot residence, offering four bedrooms and two bathrooms, along with private natural views overlooking a pond and the Bailey Homestead Preserve. A separate workshop and storage building is also included, featuring an additional apartment above. This combined property, situated on a 0.49-acre lot, presents a rare chance to acquire a thriving commercial space alongside valuable residential units in the heart of Sanibel Island. The existing structures offer immediate income potential, while the prime location and substantial frontage provide significant long-term growth opportunities. This is a truly exceptional opportunity to own a piece of Sanibel Island's vibrant commercial and residential landscape. The asking price for this unique property is $3,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $919,461

  6.5%

  $848,733

  7%

  $788,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,192,054

  Geo Method

  $1,085,217

• Alternative Use

  Use

  Valuation

  Residential

  $715,938

  Hospitality

  $655,795

  Educational

  $545,614

  Medical

  $564,378

  Retail

  $848,733

Location Insight

City

Sanibel

County

Lee

State

Florida

Latitude

26.4436

Longitude

-82.0523

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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