1037/1039 Periwinkle Way - Bait Box, Sanibel, FL 33957

0 beds 0 baths 0 Sq. Ft. Built in 1940
No Subdivision

$2,500,000

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This listing consists of 2 parcels of land & 3 buildings being offered for sale. The Bait Box and warehouse businesses are located on the west parcel and the Sanibel Captiva Community Bank is located on the east parcel and both parcels are zoned General Commercial. The Bait Box business sale includes all computers, fixtures, furniture, inventory (valued at $175,000) bait truck, storage trailer and any and all improvements. The Sanibel Captiva Community Bank lease expires 9/30/19 with an option to renew and the current annual lease is $24,402. The warehouse does not have a lease and generates $795 per month in rental income. Given the permitted 7302 square feet of commercial floor area allowed in the General Commercial district, an additional approximately 4730 +/- square feet of new commercial floor area could potentially be developed on the open back portion of the property (adding to the existing 2572 square feet), subject to compliance with City development performance standards.


Property Details

Details

Listing ID: 2170461
Year Built:
  • 1940
Taxes: $20,697

Community

Property

Type: Commercial/Industrial
Lot Dimensions: 200 x 400

Building

Interior

Listing Courtesy Of: VIP Realty Group Inc