Commercial Development

1223 Periwinkle Way Sanibel, FL 33957

1223 Periwinkle Way, Sanibel, FL, 33957
Periwinkle Way 1223
1223 Periwinkle Way, Sanibel, FL, 33957
FOR SALE
Property Type:
Other Land
Amount:
$3,995,000
Last Verified:
Feb 20, 2023

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Description

• 75% of the lot is zoned GC; the back 25% is D2 , which is a residential district.
• The existing restaurant building was heavily impacted by Hurricane Ian.
• Can build back to the 7,896 SF footprint or do completely new setup.
• Allowable uses included medical office, retail, restaurant, self storage, etc.
• Prestigious location with high demand and close to the only island access point.
• Potential to build 1 residential unit in back.

Located in Sanibel Island, Florida


Year Built: 1963
Building Size: 7896sq ft
Lot Size: 2.29 acres


Documents

Periwinkle_Way_1223-Flyer.pdf

Map of 1223 Periwinkle Way, Sanibel, FL, 33957

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.