1446 Periwinkle WaySanibel, FL 33957

  • Retail properties
  • 2,358 SF
For Sale
$3,995,000 View listing

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
1446 Periwinkle Way, Sanibel, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,687
$650,817
$650,664
$1,301,481
-
$650,817
$650,664
$1,301,481

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