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1245 Periwinkle Way $3,500,000

OVERVIEW: Rare investment opportunity to own a hotel with nightly rentals on Sanibel Island. Perfectly positioned investment location along the islands bike path and walking distance to beaches, shopping, dining establishments FEATURES: 13 Rooms, each with private bathroom and kitchen. Efficiencies, studios, and three spacious A-frame cottages. 2.44-acres boasts spacious grounds, including a large pool, picnic areas, bike storage, ample parking, tranquil pond, office area, laundry facility and storage. VERSATILITY: Whether you envision a boutique hotel recreated within the existing footprint or redesigning for residential development, it offers the flexibility to explore both options. SANIBEL RARITY One of the few properties on Sanibel Island permitted for nightly rentals. VISIBILTY: located along the island's main road while benefiting from its set-back position, allows amble privacy. HIGHLIGHTS: Ideal visibility and located just under a mile from the beautiful white sandy beaches, this is an exceptional opportunity to create a unique hospitality experience. Don’t miss this chance to own a piece of Sanibel and transform this iconic 1959 motel into a sought-after boutique hotel.
General Amenities
Lot Acres
2.44
Year Built
1959
1245 Periwinkle Way
SANIBEL, Florida 33957
United States
County: Lee
Sale Type: For Sale
Ref #: 223071391
Category: Commercial
Listed by Pfeifer Realty Group LLC on Friday, 29 September 2023 [For Sale]
Lot Acres
2.44
Year Built
1959
Lot Acres
2.44
Year Built
1959
1245 Periwinkle Way
SANIBEL, Florida 33957
United States
County: Lee
Sale Type: For Sale
Ref #: 223071391
Category: Commercial
Listed by Pfeifer Realty Group LLC on Friday, 29 September 2023 [For Sale]

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Lot Acres
2.44
Year Built
1959
1245 Periwinkle Way
SANIBEL, Florida 33957
United States
County: Lee
Sale Type: For Sale
Ref #: 223071391
Category: Commercial
Listed by Pfeifer Realty Group LLC on Friday, 29 September 2023 [For Sale]