2163 & 2153 Periwinkle Way
Sanibel Fl 33957

3.82 Acres

$4,750,000

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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 along the Islands main thoroughfare with excellent exposure. Ideal location near the City Center with high volume of pedestrian, cyclist and vehicle traffic. Turnkey project- with plans included! 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.

2163 & 2153 Periwinkle Way
Sanibel Fl 33957

$4,750,000

  • Lee County
  • Date updated: 05/12/2025

Features

Lot Size: 3.82 acres
Pool:
  • 0
Roof:
  • Tile
Property Type: Commercial
Construction:
  • See Remarks
Taxes: $16,956

SANCAP #2250255

Listing Courtesy Of: Dawn Marie Ramsey, Pfeifer Realty Group LLC

The MLS listing data sources are listed below. The MLS listing information is provided exclusively for consumer's personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.


Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.

Properties marked with the SANCAP are provided courtesy of Sanibel & Captiva Islands Association of REALTORS®, Inc.