1446 Periwinkle WaySanibel, FL 33957
- Retail properties
- 2,358 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
FAQs
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