Address
1245 Periwinkle Way, Sanibel, FL
Price
$ 3,500,000
Property Attributes
  • MLS#223071391
  • TypeCommercial
  • CountyLEE
  • CitySanibel
  • AreaSI01 - Sanibel Island
  • Zip33957
  • StyleHotel/Motel
  • Year Built1959
  • Taxes$ 36658
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.44 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description

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.

Price History
9/29/2023 Listed $3,500,000

General Features

Condo Fee 0.00
Year Built 1959
Property SubType Hotel/Motel
Tax Year 2022
Business Type Hospitality
Waterfront Features None
Business Name Anchor Inn
County Lee
Property Type Commercial Sale
Status Active
Directions West On Periwinkle Way,Anchor Inn is on the left.
City SANIBEL
Buyer Agent Compensation 2%
MLS Area SI01 - Sanibel Island
Street Name Periwinkle
Tax Annual Amount 36658.49
Property Condition Known Damage
Days on Market 43
Standard Status Active
PostalCity SANIBEL
Legal Description BEG SW COR OF SE 1/4 RUN E 200 FT TO POB AS DESC IN OR 2000 PG 4007

Interior Features

Total Stories 1
Street Suffix Way

Exterior Features

Lot Size Area 2.44
Canal Width None
Lot Size Acres 2.44
Lot Size Units Acres
Lot Size Source Appraiser

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33957

Price
AVG $4.83M
$3.5M
Taxes
AVG $21,184
$36,658
Visits
AVG 75
116
Data Provided by Inside Real Estate®
Year Built
AVG 1965
1959
Walkscore
AVG 32
39
Data Provided by Walkscore® not using MLS data

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