Commercial Development

1223 Periwinkle Way Sanibel, FL 33957

1223 Periwinkle Way, Sanibel, FL, 33957
Periwinkle Way 1223
1223 Periwinkle Way, Sanibel, FL, 33957
FOR SALE
Property Type:
Other Land
Amount:
$3,995,000
Last Verified:
Feb 20, 2023

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Description

• 75% of the lot is zoned GC; the back 25% is D2 , which is a residential district.
• The existing restaurant building was heavily impacted by Hurricane Ian.
• Can build back to the 7,896 SF footprint or do completely new setup.
• Allowable uses included medical office, retail, restaurant, self storage, etc.
• Prestigious location with high demand and close to the only island access point.
• Potential to build 1 residential unit in back.

Located in Sanibel Island, Florida


Year Built: 1963
Building Size: 7896sq ft
Lot Size: 2.29 acres


Documents

Periwinkle_Way_1223-Flyer.pdf

Map of 1223 Periwinkle Way, Sanibel, FL, 33957

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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