$3,300,000
$3,450,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
367 Periwinkle WAY Sanibel, FL 33957
0.34 Acres Lot
Key Details
Sold Price $3,300,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 221037431
Sold Date 12/10/21
Construction Status Resale
HOA Y/N No
Year Built 1964
Annual Tax Amount $17,561
Tax Year 2020
Lot Size 0.344 Acres
Acres 0.3444
Property Sub-Type Hotel/Motel
Property Description
Not quite ready to retire but looking to relocate where the sunshine and beach are readily accessible? Check out this Boutique Inn on Sanibel Island with proven profitability, strong cash flow, attractive cap rate. A short stroll to the sandy beaches for shelling and relaxing in the sun. Adorable, colorful and clean guest rooms in 3 different configurations, from cozy efficiencies to spacious cottage style. Private patios, multiple seating and dining areas, grilling area, outdoor shower, shell washing station, hammocks, complementary bikes, beach chairs, carts and umbrellas. Bookings in place through 2022. The Tarpon Tale Inn is licensed and zoned as a daily, weekly and monthly rental. Only one of the few grandfathered-in zoned Inns on Sanibel Island! Exceptionally well-managed with proven transferrable systems in place. Many new and repeat customers. Top reviews on the travel sites online. Don't miss this opportunity.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Rooms
Bedroom Description NaN
Interior
Furnishings Furnished
Fireplace No
Exterior
Fence Yard Fenced
Utilities Available Electricity Available, Sewer Available
Waterfront Description None
Present Use Multi-Family
Garage No
Building
Story 1
Construction Status Resale
Others
Senior Community No
Tax ID 21-46-23-T1-00004.0040
Financing Cash
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Bought with VIP Realty Group,Inc






