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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
Sub Type Lodging and Hospitality: Economy/Limited Service
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026014066
HOA Y/N No
Year Built 1960
Annual Tax Amount $22,162
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Lodging and Hospitality: Economy/Limited Service
Source Florida Gulf Coast
New Construction No
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
Area Si01 - Sanibel Island
Interior
Inclusions Building And Land, Business, Equipment, Fixtures, Furniture, Inventory
Exterior
Waterfront Description None
Private Pool No
Building
New Construction No
Others
Tax ID 30-46-23-T2-00304.0140
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026014066
Listed by Premier Sotheby's Int'l Realty • Palmer Rosen