1149 Periwinkle Way 1 Sanibel, FL 33957-4701
This exceptional 3,014 square foot vacant office condo presents a unique investment opportunity in the desirable Sanibel, Florida market. Located at 1149 Periwinkle Way, this Class B, two-story building (built in 1981) offers unparalleled visibility and accessibility. The property features ample parking, a significant advantage for both employees and clients. Its prime location on Periwinkle Way allows for prominent poly signage, maximizing brand exposure. The interior layout is well-suited for a variety of businesses, boasting six individual offices, a large meeting area, a full kitchen, and two bathrooms. The property is currently vacant, providing immediate occupancy for the new owner/user. The APN is 19-46-23-T3-01200.0002. This owner/user investment is priced at $1,350,250 and presents a compelling opportunity to establish a thriving business in a highly sought-after location. The convenient access to and from the island makes it ideal for businesses serving both island residents and visitors. This is a rare opportunity to acquire a well-appointed office space in a thriving community. The property's features and location combine to offer a strong return on investment. Don't miss this chance to own a piece of Sanibel's vibrant commercial landscape.
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John Naumann & Associates Real Estate Agency
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N (Bike/Boat/Book/etc) Store
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Sea Oats Day Spa Alternative Medicine Practice Spa & Massage Center
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This business is no longer open or taking clients. Please call Sanibel Day Spa for island spa needs. (Bike/Boat/Book/etc) Store
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Beach house day spa no longer open (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.