2163 & 2153 Periwinkle Way, Sanibel FL 33957

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$4,750,000

2163 & 2153 Periwinkle Way, Sanibel, FL 33957

bedrooms

bathrooms

square feet

Acreage

3.82

Open Houses

year built

Full Baths

Half Baths

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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 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.

Location
Subdivision	Not Applicable
County	Lee
Elementary School	-
Middle School	-
High School	-

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MLS number: 225016441

Listing agent: Dawn Marie Ramsey #280597316

Listing broker: Pfeifer Realty Group (239) 472-0004

Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, February 11 2025 at 5:55 p.m. EST

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