2163 & 2153 Periwinkle Way
Sanibel, FL 33957
- – beds
- – baths
- – sqft
- ~4 acre lot
- – on site
IMAGINE, THE ISLAND COW VILLAGE! RESIDENTIAL and COMMERCIAL Combined development APPROVED for the following uses: A RESTAURANT within the General Commercial District and EIGHT RESIDENTIAL home sites. (3 SINGLE FAMILY residences, 1 DUPLEX, and 1 TRIPLEX). Previously home to the well-established and highly profitable ISLAND COW RESTAURANT with an EXCEPTIONAL REPUTATION and following from both locals and tourists. The sale includes the land, business rights, APPROVED PLANS and the ISLAND COW BRAND. PRIME LOCATION next to the Community House and City Park along the Islands main thoroughfare with excellent exposure. Ideal location near the City Center with high volume of pedestrian, cyclist and vehicle traffic. In the heart of the island. Steps away from the Periwinkle Plaza Mall, Village Shops, Library, Bustling Farmers Market, Arts and Theatre. Turnkey project- with plans included! EXPERIENCED LOCAL CONTRACTORS, ENGINEERS AND RESTAURANT DESIGNERS SET TO START! Estimated restaurant build time: eight months with the current builder and approved plans. Investment Highlights: Approved plans to EXPAND RESTAURANT SEATING CAPACITY and allow for the DEVELOPMENT OF EIGHT RESIDENTIAL DWELLINGS. Flexibility to DEVELOP IN PHASES, starting with the construction of the restaurant allows for faster income with a fully operational restaurant. Installing the necessary infrastructure: roads, plumbing, and electrical systems to support the residential lots ENSURE FUTURE INVESTMENT PROFITS. LONG-TERM VALUE: Residential Infrastructure development enhances the property's worth, regardless of the residential development path chosen. Build and Sell, Build and lease, sell individual lots or sell to a developer. STRATEGIC PHASING: STAGGERED INVESTMENT APPROACH BY DEVELOPING IN PHASES ALLOWS FOR OPTIMIZING CASH FLOW AND RISK MANAGEMENT. Liquor License: Newly designed plans approved for 120 seats to meeting criteria for new Florida Law 2023-65, effective July 1, 2023. To obtain a 4COP-SFS license.
Last checked:
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Last updated Mar 2, 2025
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MLS# 225016441 —
The Building
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Direction Faces:North
Financial & Terms
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Possession:CloseOfEscrow
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Lease Considered:false
Location
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Directions:Enter Sanibel Island to the four-way stop along Periwinkle Way. Turn right on Periwinkle- 2.2 miles on the left is 2163 and 2153 Periwinkle Way.
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Latitude:26.436855
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Longitude:-82.071603
The Property
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Property Type:Land
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Property Subtype:Commercial
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Property Subtype Additional:Commercial,UnimprovedLand
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Current Use:Commercial,Other,SingleFamily,SeeRemarks
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View:Landscaped,PartialBuildings,TreesWoods
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Lot Features:SeeRemarks
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Lot Size Acres:3.82
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Lot Size Area:3.82
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Lot Dimensions Source:Appraiser
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Zoning Description:Gen Comm and Residential
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Parcel Number:25-46-22-T1-00002.0020
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Additional Parcels Description:25-46-22-T1-00003.0010
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Waterfront:false
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Waterfront Features:None
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Road Responsibility:PublicMaintainedRoad
Listing Agent
- Contact info:
- Agent phone:
- (239) 233-2976
- Office phone:
- (239) 472-0004
Taxes
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Tax Year:2024
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Tax Lot:N/A
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Tax Legal Description:W 1/5 OF SW 1/4 OF NW 1/4 S OF SR 867 LESS THE W 95.51 FT And PARL IN SW 1/4 OF NW 1/4 AS DESC IN OR 357/0671
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Tax Annual Amount:18739.06
Heating & Cooling
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Cooling:SeeRemarks
Utilities
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Utilities:None,SewerNotAvailable,WaterNotAvailable
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Sewer:None
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Water Source:None
The Community
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Subdivision Name:NOT APPLICABLE
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Community Features:NonGated
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Association Fee Includes:None
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Association Amenities:Restaurant
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Senior Community:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
