Commercial Land with Existing
For Sale
$2,999,000
1223 Periwinkle Way, Sanibel, FL 33957
The site combines GC commercial zoning with D2 residential zoning across separate portions.
Property SizeContact for details
Days on Market608
Property Features for 1223 Periwinkle Way
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
Premier Sotheby's Int'l Realty
(407) 929-2863
Listed By:
Jeffrey Burns
(239) 472-2411
Source:
Johnrwood
Added: Dec 31, 2024
Changed: Aug 30
Last Checked: Aug 30 at 6:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
This commercial land parcel includes an existing restaurant building that was heavily impacted by Hurricane Ian. Redevelopment may follow the former 7,896 SF footprint or take a completely new configuration. The building dates to 1963.
Zoning covers 75% of the lot under GC, while the rear 25% is designated D2, a residential district. Stated allowable uses include medical office, retail, restaurant, and self storage, with the back portion also identified for one residential unit.
The property is located at 1223 Periwinkle Way on Sanibel Island, Florida, near the island’s only access point.
Zoning covers 75% of the lot under GC, while the rear 25% is designated D2, a residential district. Stated allowable uses include medical office, retail, restaurant, and self storage, with the back portion also identified for one residential unit.
The property is located at 1223 Periwinkle Way on Sanibel Island, Florida, near the island’s only access point.
Key Highlights
- 75% of the lot is zoned GC; the back 25% is designated D2 residential
- Redevelopment can use the existing 7,896 SF footprint or a completely new setup
- Existing restaurant building was heavily impacted by Hurricane Ian
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 33957, FL
6,382
Population
8,525
Households
0.7
Avg Household Size
68
Median Age
62%
College-Educated
99%
High-School Grad
16.2 sq mi
ZIP Area
394
Density / Sq Mi
$122,730
Median Household Income
$44,840
Median Earnings
$747
Median Rent
$912,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The site combines GC commercial zoning with D2 residential zoning across separate portions.
Where is this commercial land located?
The property is located at 1223 Periwinkle Way Sanibel, FL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 75% of the lot is zoned GC; the back 25% is designated D2 residential; Redevelopment can use the existing 7,896 SF footprint or a completely new setup; Existing restaurant building was heavily impacted by Hurricane Ian
