706 Donax ST, Sanibel, FL 33957
- $5,300,000
- List Price
- $5,300,000
- Listing Price
- $5,300,000
- MLS#
- 2026014066
- Status
- ACTIVE
- Property Class
- Commercial
- Status Type
- Resale Property
- County
- Lee
- Region
- SI01 - Sanibel Island
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.
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Additional Information
- Year Built
- 1960
- Waterfront Description
- None
- Acres
- 0.50
- Tax Year
- 2025
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Courtesy of Premier Sotheby's Int'l Realty.
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