2153-2163 Periwinkle Way - Commercial LAND FOR SALE


Sanibel, FL 33957- Middle Gulf Drive166,399 SF
$4,750,000 USD
239-233-2976
2153-2163 Periwinkle Way, Sanibel, FL for Sale
$4,750,000 USD
Commercial LAND - FOR SALE
1/29
166,399 SF

2153-2163 Periwinkle Way
Sanibel, FL 33957
Middle Gulf Drive


HIGHLIGHTS

  • Approved plans for a restaurant and 8 residential lots (3 single-family homes, 1 duplex, 1 triplex) in a prime location.
  • Previously home to the popular Island Cow Restaurant with a loyal following.
  • Turnkey project with experienced local contractors and restaurant designers ready to start building
  • Flexible development options with phased investment, staggered development ensuring future profits.

OVERVIEW

IMAGINE, THE ISLAND COW VILLAGE! RESIDENTIAL and COMMERCIAL Combined development APPROVED for the following uses: A RESTAURANT within the General Commercial District and EIGHT RESIDENTIAL home sites. (3 SINGLE FAMILY residences, 1 DUPLEX, and 1 TRIPLEX). Previously home to the well-established and highly profitable ISLAND COW RESTAURANT with an EXCEPTIONAL REPUTATION and following from both locals and tourists. The sale includes the land, business rights, APPROVED PLANS and the ISLAND COW BRAND. PRIME LOCATION next to the Community House and City Park along the Islands main thoroughfare with excellent exposure. Ideal location near the City Center with high volume of pedestrian, cyclist and vehicle traffic. In the heart of the island. Steps away from the Periwinkle Plaza Mall, Village Shops, Library, Bustling Farmers Market, Arts and Theatre. Turnkey project- with plans included! EXPERIENCED LOCAL CONTRACTORS, ENGINEERS AND RESTAURANT DESIGNERS SET TO START! Estimated restaurant build time: eight months with the current builder and approved plans. Investment Highlights: Approved plans to EXPAND RESTAURANT SEATING CAPACITY and allow for the DEVELOPMENT OF EIGHT RESIDENTIAL DWELLINGS. Flexibility to DEVELOP IN PHASES, starting with the construction of the restaurant allows for faster income with a fully operational restaurant. Installing the necessary infrastructure: roads, plumbing, and electrical systems to support the residential lots ENSURE FUTURE INVESTMENT PROFITS. LONG-TERM VALUE: Residential Infrastructure development enhances the property's worth, regardless of the residential development path chosen. Build and Sell, Build and lease, sell individual lots or sell to a developer. STRATEGIC PHASING: STAGGERED INVESTMENT APPROACH BY DEVELOPING IN PHASES ALLOWS FOR OPTIMIZING CASH FLOW AND RISK MANAGEMENT.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/ACRE

$1,243,457/AC

PRICE/SF

$29 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Multi-Family, Storefront Retail/Residential

LAND ACRES

3.82 AC

LAND SF

166,399 SF

OFFSITE IMPROVEMENTS

-

ZONING

General Commercial

APN/PARCEL ID

25-46-22-T1-00002.0020,25-46-22-T1-00003.0010

ASK ABOUT THIS PROPERTY

Dawn Marie Tecsi-RamseyPfeifer Realty Group, LLCMore Info
239-233-2976

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Dawn Marie Tecsi-RamseyPfeifer Realty Group, LLCMore Info
239-233-2976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.