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Palmview Inn & Sandpiper Inn 2 Hospitality Properties Offered at $6,781,600 CAD in Sanibel, FL
Investment Highlights
- Two legally licensed Hotel/Motel establishments
- Located in Sanibel, the property benefits from strong tourist demand and proximity to renowned Gulf Coast beaches. 3-5 min walk to beach.
- On-site amenities include dedicated laundry facilities, storage areas, pet park, office and an outdoor shower for guest convenience.
- Offered as a turnkey hotel opportunity, the asset includes an option for professional management to remain in place.
Executive Summary
Once in a generation opportunity to acquire not one, but two, licensed motel properties on Sanibel Island, FL. With only a select handful of nightly rental properties permitted by Sanibel, The Palmview and Sandpiper Inns possess a distinct competitive advantage safeguarded by local rental regulations that guarantees revenue resilience far into the future. Comprised of 12 units across four well-maintained buildings, the inns were completely rebuilt in 2024, only retaining the original building envelope.
With a remarkable track record of ~$450,000 in NOI annually and demand among repeat guests as a boutique lodging destination, this asset is positioned for value-add strategies or continued income through vacation rentals. Offered as a turnkey investment with management in place to ensure a seamless transition in ownership, if a buyer so desires. Alternately, featuring a three bedroom manager’s cottage, this property would be an excellent selection for a live in owner-operator!
With a remarkable track record of ~$450,000 in NOI annually and demand among repeat guests as a boutique lodging destination, this asset is positioned for value-add strategies or continued income through vacation rentals. Offered as a turnkey investment with management in place to ensure a seamless transition in ownership, if a buyer so desires. Alternately, featuring a three bedroom manager’s cottage, this property would be an excellent selection for a live in owner-operator!
Property Facts
| Price | $6,781,600 CAD | Number of Properties | 2 |
| Price / SF | $750.68 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.19% | Total Building Size | 9,034 SF |
| Sale Type | Investment | Total Land Area | 1.00 AC |
| Status | Active |
| Price | $6,781,600 CAD |
| Price / SF | $750.68 CAD / SF |
| Cap Rate | 9.19% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,034 SF |
| Total Land Area | 1.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Palmview
706 Donax St, Sanibel, FL 33957 |
Hospitality | 6,748 SF | 1965 | - |
|
Sandpiper Inn
720 Donax St, Sanibel, FL 33957 |
Hospitality | 2,286 SF | 1960 | - |
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Palcat LLC
Palmview Inn & Sandpiper Inn
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