2163 & 2153 Periwinkle Way Sanibel, FL 33957
- Added:
- Feb 11, 2025
- Days on Market:
- 449
- Last Refresh:
- May 6 at 2:06 am
Property Features for 2163 & 2153 Periwinkle Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 25-46-22-T1-00002.0020
- Lot size
- 3.82 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- W 1/5 OF SW 1/4 OF NW 1/4 S OF SR 867 LESS THE W 95.51 FT And PARL IN SW 1/4 OF NW 1/4 AS DESC IN OR 357/0671
- Tax Annual Amount
- 18739
Listing agent Dawn Marie Ramsey License #280597316 (239) 233-2976
Listing office Pfeifer Realty Group LLC 1630-I Periwinkle Way, Sanibel, FL (239) 472-0004
Listing date Feb 11, 2025
MLS# 225016441
Listing URL
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Overview
Sanibel Island Mixed-Use Development Opportunity
This property, envisioned as the Island Cow Village, presents a combined residential and commercial development opportunity. Approved plans include a restaurant within the General Commercial District and eight residential home sites, consisting of three single-family residences, one duplex, and one triplex. Previously, the site was home to the Island Cow Restaurant, known for its reputation among locals and tourists. The sale encompasses the land, business rights, approved plans, and the Island Cow brand. The location is near the Community House and City Park along the island's main thoroughfare, offering exposure and proximity to the City Center. The area experiences a high volume of pedestrian, cyclist, and vehicle traffic. It is located near the Periwinkle Plaza Mall, Village Shops, Library, and Farmers Market. Plans are included for a turnkey project, with experienced local contractors, engineers, and restaurant designers available to start. The estimated restaurant build time is eight months with the current builder and approved plans. Approved plans allow for expanded restaurant seating capacity and the development of eight residential dwellings. Development can occur in phases, starting with the restaurant construction. Infrastructure installation, including roads, plumbing, and electrical systems, supports the residential lots. Newly designed plans are approved for 120 seats to meet the criteria for a new Florida Law, potentially allowing the obtaining of a 4COP-SFS license.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Island Cow
Restaurant
Similar Places Nearby
- Paper Fig Kitchen — 2003 Periwinkle Way, Sanibel, FL 33957
Location Insight
- Map
- Local Demand
- City
- Sanibel
- County
- Lee
- State
- Florida
- Longitude
- -82.071603
- Latitude
- 26.436855
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Approved development for restaurant and eight residential dwellings in Sanibel.
Where is this restaurant located?
The property is located at 2163 & 2153 Periwinkle Way Sanibel, FL.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Approved for a mixed‑use development: restaurant and eight residential units.; Includes land, business rights, approved plans, and the Island Cow brand.; **Prime location** on the island's main thoroughfare, next to the Community House and City Park, with **high visibility**.
