1149 Periwinkle WaySanibel, FL 33957

Property Details for 1149 Periwinkle Way

Year built

1981

Lot size

0.03 AC

Property size (Sq ft)

1,275 SF

Property type

Office properties

Property subtype

Office buildings

APN

19-46-23-T3-01200.0001

APU

194623T3012000001

Description

This exceptional 3,014 square foot vacant office condo presents a unique investment opportunity in the desirable Sanibel, Florida market. Located at 1149 Periwinkle Way, this Class B, two-story building (built in 1981) offers unparalleled visibility and accessibility. The property features ample parking, a significant advantage for both employees and clients. Its prime location on Periwinkle Way allows for prominent poly signage, maximizing brand exposure. The interior layout is well-suited for a variety of businesses, boasting six individual offices, a large meeting area, a full kitchen, and two bathrooms. The property is currently vacant, providing immediate occupancy for the new owner/user. The APN is 19-46-23-T3-01200.0002. This owner/user investment is priced at $1,350,250 and presents a compelling opportunity to establish a thriving business in a highly sought-after location. The convenient access to and from the island makes it ideal for businesses serving both island residents and visitors. This is a rare opportunity to acquire a well-appointed office space in a thriving community. The property's features and location combine to offer a strong return on investment. Don't miss this chance to own a piece of Sanibel's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $338,207

  6.5%

  $312,191

  7%

  $289,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $255,777

  Geo Method

  $232,853

• Alternative Use

  Use

  Valuation

  Residential

  $387,117

  Hospitality

  $354,597

  Educational

  $295,020

  Medical

  $305,166

  Retail

  $458,920

Location Insight

City

Sanibel

County

Lee

State

Florida

Latitude

26.4451

Longitude

-82.0435

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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