$4,750,000
2163 & 2153 Periwinkle Way Sanibel, FL 33957
For Sale MLS# 225016441
Commercial
Details for 2163 & 2153 Periwinkle Way
MLS# 225016441
Description for 2163 & 2153 Periwinkle Way, Sanibel, FL, 33957
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.
Listing Information
Property Type: Commercial, Commercial,Unimproved Land
Status: Active
Lot Size: 3.82 Acres
Subdivision: Not Applicable
Current Use: Commercial,Multi-Family,Other,Single Family,See Remarks
County: Lee
Days On Market: 302
Utilities
Other Utilities: None,Sewer Not Available,Water Not Available
Cooling: See Remarks
Exterior / Lot Features
Lot View: Landscaped,Partial Buildings,Trees/Woods
Zoning: Gen Comm and Residential
Additional Exterior/Lot Features: See Remarks
Community Features
Community Features: Non-Gated
Association Amenities: Restaurant
Driving 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.
Financial Considerations
Terms: All Financing Considered,Cash,Contract
Tax/Property ID: 25-46-22-T1-00002.0020
Tax Amount: 18739.06
Tax Year: 2024
A broker reciprocity listing courtesy: Pfeifer Realty Group LLC
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2163 & 2153 Periwinkle Way
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2163 & 2153 Periwinkle Way
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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