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Investment Highlights

  • Great Location!
  • 58 Parking Spaces
  • 3 Restaurants and 1 Bike Rental Shop
  • Newly Renovated
  • Owner/User or Investment

Executive Summary

Rare opportunity to acquire a well-positioned commercial investment along Periwinkle Way on Sanibel Island. The property offers existing income with a compelling value-add story driven by future lease rollover, rent growth and continued recovery of the Sanibel commercial market.
The tenant mix includes three restaurant spaces together with complementary retail/bike and medical-office uses, creating diversified income within one of Sanibel’s primary commercial corridors. The restaurant spaces represent a particularly attractive long-term opportunity, with ownership targeting future base rents in the approximately $35–$40+ PSF range as leases roll and market conditions support repositioning. Current CAM/NNN is approximately $10.00 PSF.
The investment thesis is straightforward: acquire an established Sanibel commercial asset with income in place today while retaining meaningful potential to increase NOI through future rental growth. Sanibel's limited commercial inventory, barriers to new development and destination-market characteristics make existing commercial properties difficult to replicate.
An excellent opportunity for an investor seeking a combination of current income, future NOI expansion and long-term ownership of commercial real estate on Sanibel Island.
Nick Paulus | Founder/Broker | Invest Florida, LLC | 239-292-3031

Attachments

Sale Brochure

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
7,896 SF
Building Class
C
Year Built/Renovated
1994/2025
Price
$7,170,488 CAD
Price Per SF
$908.12 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.35 AC
Zoning
TCG - TOWN CENTER GENERAL COMMERCIAL DISTRICT.
Parking
58 Spaces (7.35 Spaces per 1,000 SF Leased)
Frontage
244’ on Periwinkle Way

Amenities

  • Pylon Sign
  • Signage
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 4
  • 843 SF
  • Restaurant
  • End Cap
  • Now

Restaurant/Retail Opportunity – 843± SF | Prime Periwinkle Way Location | Sanibel Island Invest Florida is pleased to offer 843± square feet of restaurant/retail space at 2407 Periwinkle Way, Unit 4, located within the beautifully renovated Islander Center in the heart of Sanibel Island. This highly visible space is already approved for a 20-seat restaurant and includes a existing three-compartment sink, allowing a new operator to significantly reduce startup costs and accelerate opening timelines. Unit 4 is ideally suited for a variety of food concepts, including: Ice Cream or Gelato Shop Bagel & Coffee Café Pizza Take-Out with Limited Indoor Seating Donut Shop or Bakery Smoothie or Juice Bar Sushi Bar Poke Bowl Concept Sandwich or Deli Shop Gourmet Grab-and-Go Specialty Dessert or Candy Shop Acai Bowl or Health Food Concept Other boutique restaurant concepts The location benefits from outstanding synergy with neighboring businesses. Immediately adjacent is one of Sanibel's busiest bicycle rental operators, generating a steady flow of tourists and cyclists throughout the day. The shopping center is also home to two successful dining destinations, including Sanibel Sprout, a well-established vegan restaurant, and Island Time Wine Bistro, featuring wine tastings, charcuterie boards, and an elevated small-plate dining experience. Together, these complementary uses create a vibrant food destination while attracting customers throughout breakfast, lunch, afternoon, and evening hours. The Islander Center has undergone extensive renovations, including upgraded interiors, mechanical systems, and HVAC equipment, providing tenants with a high-quality environment and minimal near-term capital concerns. Located on Sanibel Island's primary commercial corridor, Periwinkle Way, the property enjoys exceptional visibility, strong traffic counts, ample shared parking, and convenient access for both residents and the millions of visitors who travel to the island each year. This is an outstanding opportunity for an owner-operator, local restaurateur, or regional franchise seeking a turnkey location in one of Southwest Florida's premier coastal communities. Available Immediately. Contact Invest Florida for leasing information or to schedule a private tour.

  • 6/7
  • 2,214 SF
  • Office
  • -
  • Now

Fully built-out 2,214 SQFT office space in the heart of Sanibel Island. This space is absolutely beautiful with accent lighting, high ceilings, brand new plank tiles and shows like a high end art gallery! This office has large conference room, work station area, 6 offices, kitchenette, storage IT room, two ADA bathrooms and reception area. The property has large parking lot to accommodate employees and clients easily. This office space is highly visible on Periwinkle Way and has pylon signage as well as building signage. We are offering 2 months rent free as incentive to get into space and start your business. Please call for more info and to schedule a showing. This is the nicest office space on Sanibel by far!

Space Size Space Use Position Available
4 843 SF Restaurant End Cap Now
6/7 2,214 SF Office - Now

4

Size
843 SF
Space Use
Restaurant
Position
End Cap
Available
Now

6/7

Size
2,214 SF
Space Use
Office
Position
-
Available
Now

4

Size 843 SF
Space Use Restaurant
Position End Cap
Available Now

Restaurant/Retail Opportunity – 843± SF | Prime Periwinkle Way Location | Sanibel Island Invest Florida is pleased to offer 843± square feet of restaurant/retail space at 2407 Periwinkle Way, Unit 4, located within the beautifully renovated Islander Center in the heart of Sanibel Island. This highly visible space is already approved for a 20-seat restaurant and includes a existing three-compartment sink, allowing a new operator to significantly reduce startup costs and accelerate opening timelines. Unit 4 is ideally suited for a variety of food concepts, including: Ice Cream or Gelato Shop Bagel & Coffee Café Pizza Take-Out with Limited Indoor Seating Donut Shop or Bakery Smoothie or Juice Bar Sushi Bar Poke Bowl Concept Sandwich or Deli Shop Gourmet Grab-and-Go Specialty Dessert or Candy Shop Acai Bowl or Health Food Concept Other boutique restaurant concepts The location benefits from outstanding synergy with neighboring businesses. Immediately adjacent is one of Sanibel's busiest bicycle rental operators, generating a steady flow of tourists and cyclists throughout the day. The shopping center is also home to two successful dining destinations, including Sanibel Sprout, a well-established vegan restaurant, and Island Time Wine Bistro, featuring wine tastings, charcuterie boards, and an elevated small-plate dining experience. Together, these complementary uses create a vibrant food destination while attracting customers throughout breakfast, lunch, afternoon, and evening hours. The Islander Center has undergone extensive renovations, including upgraded interiors, mechanical systems, and HVAC equipment, providing tenants with a high-quality environment and minimal near-term capital concerns. Located on Sanibel Island's primary commercial corridor, Periwinkle Way, the property enjoys exceptional visibility, strong traffic counts, ample shared parking, and convenient access for both residents and the millions of visitors who travel to the island each year. This is an outstanding opportunity for an owner-operator, local restaurateur, or regional franchise seeking a turnkey location in one of Southwest Florida's premier coastal communities. Available Immediately. Contact Invest Florida for leasing information or to schedule a private tour.

6/7

Size 2,214 SF
Space Use Office
Position -
Available Now

Fully built-out 2,214 SQFT office space in the heart of Sanibel Island. This space is absolutely beautiful with accent lighting, high ceilings, brand new plank tiles and shows like a high end art gallery! This office has large conference room, work station area, 6 offices, kitchenette, storage IT room, two ADA bathrooms and reception area. The property has large parking lot to accommodate employees and clients easily. This office space is highly visible on Periwinkle Way and has pylon signage as well as building signage. We are offering 2 months rent free as incentive to get into space and start your business. Please call for more info and to schedule a showing. This is the nicest office space on Sanibel by far!

Fairly walkable
50/100
Very drivable
80/100
Exceptionally bikeable
90/100

Nearby Major Retailers

Cheeburger Cheeburger
Chase

Property Taxes

Property Taxes

Parcel Number
26-46-22-T2-00004.0070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,269,719 CAD
  • Listing ID: 35024997

  • Date on Market: 2025-03-05

  • Last Updated:

  • Address: 2407 Periwinkle Way, Sanibel, FL 33957

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