Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1039 Periwinkle Way Sanibel, FL 33957

    For Sale
    $5,400,000

    COMMERCIAL - Sanibel, FL

    Type:Retail
    Lot size:
    0.84 Acres
    Days on Market:
    154
    Last Refresh:
    Dec 8 at 4:06 am

    Property Features for 1039 Periwinkle Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    19-46-23-T3-00011.0010
    Lot size
    0.84 Acres

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1940
    Floors in Building
    1

    Pfeifer Realty Group (239) 472-0004 [email protected]

    Listing agent Dawn Marie Ramsey (239) 233-2976 License #280597316

    Listing date Jul 8, 2025

    Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Property on Sanibel Island

    Sanibel Commons presents an opportunity to acquire an income-producing property in the heart of Sanibel Island, featuring 200 feet of road frontage. The property spans 1.68 acres and includes three separate buildings. The Main Flex Building, constructed in 2020, is an elevated, modern space offering 3,073 square feet of flexible use space suitable for retail, office, warehouse, or garage purposes. It currently houses two tenants, including a pool service company with a retail component. The Bait Box, a 1,206-square-foot Sanibel landmark built in 1940, was recently renovated and elevated in 2023 and is under a multi-year lease. The Curio Cottage, a 717-square-foot retail boutique building, also has a long-term tenant. A conditional use permit for leased parking adds extra value and income potential. The property is offered as real estate only, including the land, fee simple interest in the flex building, leased fee interest in the two retail buildings, and any conditional use permits currently in place. The real estate is for sale with current tenants in place, offering a steady investment with long-term appreciation potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Island Condo Maintenance Swimming Pool Repair Service

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Building Supply Clothing Store Auto Repair Shop Gym & Fitness Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.041442
    Latitude
    26.445703

    Nearby Similar for Sale

    • $3,100,000
      1.16 Acres

      Sanibel Boutique Resort Opportunity

      Boutique resort with rental cottages near Sanibel's beaches.
      1220 Morningside Pl, Sanibel, FL 33957
      View Details
    • $1,100,000
      0.04 Acres

      Refreshed Olde Florida-Style Office

      Distinctive office campus with flexible spaces on Sanibel's main artery.
      1149 Periwinkle Way, Sanibel, FL 33957
      View Details
    • $299,000
      0.14 Acres

      Renovated Office Condo on Sanibel

      Completely renovated office condo in the heart of Sanibel Island.
      1640 Periwinkle Way, Sanibel, FL 33957
      View Details
    • New
      $529,000
      820 SF

      Sanibel Shores Duplex Near Beach

      Turn-key duplex near the beach, ideal for short-term rentals.
      1220 Junonia St, Sanibel, FL 33957
      View Details
    • $648,900
      1,636 SF

      Sanibel Duplex on Small Lake

      Old Florida style duplex near Sanibel's amenities and wildlife.
      2162 Egret Cir, Sanibel, FL 33957
      View Details
    • $1,575,000

      Sanibel Inn: Income-Generating Property

      Three-unit inn near Donax St beach, booking reservations since March 2024.
      610 Donax St, Sanibel, FL 33957
      View Details

    FAQs

    What type of property is this?
    Retail property - High-exposure investment property with three buildings and income potential.
    Where is this retail property located?
    The property is located at 1039 Periwinkle Way Sanibel, FL.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: - Prime Sanibel Island location with **200 feet of road frontage and high visibility**.; - Current income-producing property with three separate buildings and established tenants in place.; - **Main Flex Building (built in 2020) offers 3,073 SF of flexible space**.
    (239) 233-2976
    Request Owner's contact information
    1039 Periwinkle Way Sanibel, FL 33957
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1039 Periwinkle Way
    Sanibel, FL 33957
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1039 Periwinkle Way Sanibel, FL 33957
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.