2163 & 2153 Periwinkle WAY Active Save Request In-Person Tour Request Virtual Tour
Sanibel,FL 33957
Key Details
Property Type Commercial
Sub Type Commercial Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225016441
Annual Tax Amount $18,739
Tax Year 2024
Lot Size 3.820 Acres
Property Sub-Type Commercial Lot
Property Description
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.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Zoning Gen Comm and Residential
Exterior
Community Features Restaurant,Non-Gated
Utilities Available None
Waterfront Description None
View Y/N Yes
View Landscaped Area,Partial Buildings,Trees/Woods
Building
Lot Description See Remarks
Sewer None
Water None
Others
Acceptable Financing Agreement For Deed,Buyer Finance/Cash
Listing Terms Agreement For Deed,Buyer Finance/Cash