1039 Periwinkle Way, Sanibel, FL

Real Estate

For Sale

Listed price in listed location currency (USD).

$5,400,000

000

MLS® 225043990

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $13,787

Days Active 158

Approx. Age 1940

MLS® Number 225043990

Property Address: 1039 Periwinkle Way, Sanibel, FL, 33957

Average square foot calculated using Size range provided by listing agent.

Description

Sanibel Commons an Investor’s Dream on Sanibel Island. Here’s an exceptional opportunity to acquire a current income-producing property right in the heart of Sanibel Island with 200 feet of prime road frontage for unbeatable visibility. This is a high-exposure, income-producing property perfectly positioned on Sanibel Island’s main corridor! The property covers 1.68 acres and includes three separate buildings, each offering its own unique purpose, character, and income. The Main Flex Building (built in 2020)- is an elevated, modern space offers 3, 073 SF of flexible use— for retail, office, warehouse, or garage. It’s well-built and designed with versatility in mind, perfect for a variety of business types. Two tenants in place- one is a well-established and longtime island pool service company with retail component. The Bait Box (1, 206 SF)-A beloved Sanibel landmark, built in 1940 and recently renovated and elevated in 2023 to preserve its legacy and withstand the test of time. It’s currently under a multi-year lease, making it a solid source of income from day one. Curio Cottage (717 SF)-Another charming retail boutique building with a long-term tenant already in place. This one adds additional stability and cash flow of the property. You’ll also benefit from a conditional use permit for leased parking, which adds extra value and income potential. The entire property is being 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. Please note: The real estate is for sale with current tenants in place. Whether you’re looking for a steady investment, a flexible-use property, or a long-term hold in a prime Sanibel location this investment combines reliable cash flow with long-term appreciation potential in a high-demand location. These types of properties don't come around often—especially with built-in tenants and some room to grow.

MLS® Number225043990

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1940

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Building And Land, Equipment, Fixtures

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 8, 2025List Date

$5,400,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By checking this box, and clicking "Take a Tour", I am confirming that I have read and agree to Zoocasa's Data Processing & Privacy Policy, and to Zoocasa's Terms of Use.

By checking this box, and clicking "Take a Tour", I am electronically signing and consenting to receive marketing communications (about real estate brokerage services and one or more properties that I may buy, sell, or rent), that may be delivered to me via email, telephone and/or text messaging (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from Zoocasa, eXp Realty® and its independent contractor real estate agents, and/or its or their affiliates, using the contact information I provided. Consent is not a condition of purchase. I may opt-out at any time by emailing [email protected] or calling 1-844-683-4664.

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS®SUCCESS® Lending eXp Revenos eXp Commercial eXp Luxury Accessibility

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker