Sanibel Island Motel
For Sale
$5,300,000
706 Donax St, Sanibel, FL 33957
Two Sanibel Island motels with strong rental income.
Property SizeContact for details
Lot Size0.50 Acres
Days on Market163
Property Features for 706 Donax St
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Premier Sotheby's Int'l Realty
Listed By:
Palmer Rosen · License #280597148
(239) 472-2735
Source:
Elliman
Added: Mar 26
Changed: Jul 6
Last Checked: Sep 2 at 7:49PM
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 is a unique opportunity to acquire two motel/hotel establishments on Sanibel Island, both legally permitted for nightly rentals. The Palmview and Sandpiper Inns generate close to $1,000,000 in annual revenue, demonstrating strong historical and future rental performance. Both properties are slated for a ground-up renovation in 2024. Existing management is available to remain in place, if desired by the new owner, potentially offering a consistent income stream.
Key Highlights
- Two motel/hotel establishments on Sanibel Island
- Legally permitted for nightly rentals
- Generating close to $1,000,000 in annual revenue**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Two Sanibel Island motels with strong rental income.
Where is this motel located?
The property is located at 706 Donax St Sanibel, FL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Two motel/hotel establishments on Sanibel Island; Legally permitted for nightly rentals; Generating close to $1,000,000 in annual revenue**
