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$ 5,300,000
Est. payment | /mo
0.5 Acres Lot
$ 5,300,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026014066
Style Resale Property
Year Built 1960
Annual Tax Amount $22,162
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Source Florida Gulf Coast
Property Description
Once in a generation opportunity to own not one, but two, of the few remaining motel/hotel establishments on Sanibel Island! Legally permitted for nightly rentals and generating close to $1,000,000 in annual revenue, the Palmview and Sandpiper Inns are powerhouse performers with strong historical and future rental performance. Receiving a ground up renovation in 2024 with existing management in place (if the new owner so desires), both are well outfitted to offer their new owner a consistent, worry-free, income for years to come! Agent possesses interest in this property.
Location
State FL
County Lee
Interior
Cooling true
Inclusions Building And Land, Business, Equipment, Fixtures, Furniture, Inventory
Fireplace No
Exterior
Waterfront Description None
Garage No
Building
Story 2
Level or Stories 2
New Construction No
Others
Senior Community No
Tax ID 30-46-23-T2-00304.0140
Listed by Premier Sotheby's Int'l Realty • Palmer Rosen
Nearby Locations
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