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Property Detail

1245 Periwinkle Way, Sanibel, FL 33957, USA
Perfectly positioned investment location!
$3,500,000

Description

EXECUTIVE SUMMARY

Property Overview:
Welcome to a rare opportunity to own a nightly hotel on Sanibel Island!
Investment potential to transform this 1959 motel into an island oasis boutique style Inn while retaining its existing structures.
Perfectly positioned investment location! This property enjoys excellent visibility along the island's main thoroughfare, Periwinkle Way, making it a prime location for your future hotel venture. The spacious grounds, large pool, a tranquil pond and garden with the building's set-back position create a serene and calming atmosphere for your guests.
Location:
Situated along the islands bike path within walking distance of shopping, dining establishments, and pristine beaches, this property is perfectly positioned for guests seeking the best of Sanibel Island.
Ideal visibility and location just under a mile from the beautiful white sandy beaches of Sanibel Island, you have an exceptional opportunity to create a unique hospitality experience.
Property Features:
• 13 Rooms: The property offers 12 guest rooms with various configurations, including efficiencies, deluxe studios, and three iconic and spacious A-frame cottages. With an additional 13th rental unit or manager's apartment.
• Additional Amenities: In addition to the guest rooms, the property includes an office area, a laundry facility, sundecks, storage space, plenty of parking for guests, trailer and boat parking and a large commercial sized pool. Tranquil garden with a pond full of fish, turtles and birds.
Investment Highlights:
• Versatility: Whether you envision a lodging and hospitality venture recreated within the existing structures or redesigning for residential development, this property offers you the flexibility to explore both options.
• Sanibel Island Rarity: This is one of the very few properties on Sanibel Island permitted for nightly rentals, making it and sound investment.
• High Visibility: Enjoy high visibility along the island's main road while also benefiting from the property's set-back position, which allows you to create a serene hotel hideaway.
• Spacious Grounds: The 2.44-acre property boasts spacious grounds, including a large pool, picnic areas, and bike storage, perfect for creating a relaxing atmosphere.
• Restoration Potential: While the property sustained damage from Hurricane Ian, this presents a unique investment opportunity to restore and breathe new life into this island gem.
Rarity:
This is truly a unique chance to own a piece of Sanibel Island's hospitality landscape. Owning a hotel on Sanibel Island with more than 8 units is rare opportunity.
Being one of the few locations on the 11-mile island that allows nightly rentals is a distinct advantage. Understanding the Sanibel Development Plan, designed to preserve the island from excessive development, highlights the rarity of this investment opportunity.

Questions and Inquiries:
If would like to know more about the motel's income before Hurricane Ian and its future potential as a hotel investment, please inquire. Having owned, operated and managed a nightly hotel on Sanibel Island for over 20 years, I can share insight into the exceptional possibilities that this property presents. Rental Analysis and Proforma available.
 

AMENITIES

  • Balcony
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Suite4$148.00-
Guest Room8$131.00

PROPERTY TAXES

 

Eric Pfeifer

+1 239-472-0004

Dawn Marie Tecsi-Ramsey

+1 239-472-0004

 

 

Specification

General

  • 9970
  • 2.4400
  • Investment
  • 1959
  • 2024
  • 12

Hospitality

Anchor Inn & Cottages

# 337

SKU: 337

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