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$1,650,000
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Property Description
This is a truly once in a generation opportunity to own Sanibel's iconic Dairy Queen and two surrounding properties. Located near the four-way-stop in a sought-after location with high visibility and great traffic count, this combined offering features three parcels totaling approximately one acre of land and boasting approximately 200 feet of highly desirable Periwinkle frontage. This property features the Dairy Queen restaurant and land including the grandfathered franchise agreement at a very desirable split, a duplex and land behind the restaurant, and a third vacant piece of land adjacent to the west. This popular eatery has been visited by generations of islanders and vacationers alike. Everyone recognizes the Sanibel Dairy Queen, and this reputation is waiting for a new owner and operator. The buildings sustained hurricane damage. This is your opportunity to rebuild a once thriving and iconic island business.
Full Property Details
Full Property Details for 1046/1048/1090 Periwinkle Way
General
- Sold For: $1,650,000
- Taxes: $10,636 (2022)
- Status: Closed
- Type: Retail
- Source: Bonita_Springs
- MLS ID: 223037280
- Added to Site: 1, 023 day(s) ago
Business
- Name: The Dairy Queen
- Business Type: Other, Restaurant
Location
- County: Lee
- Driving Directions: Right on Periwinkle from causeway to 1046/1048/1090 Periwinkle
Community
- Community Name: SI01 - Sanibel Island
Structural Information
- Stories/Levels: 2
- Year Built: 1971
Lot Features
- Lot Size (Acres): 0.4439
- Lot Size: .4439
- Lot Size Source: Appraiser
Financial Considerations
- Tax Amount: $10,636.5
- Tax Year: 2022
Disclosures and Reports
- Legal Description: PARL IN SE 1/4 AS DESC IN OR 1834 PG 1137
- Property ID: 19-46-23-T3-00007.0020
Listed by Premier Sotheby's Int'l Realty
Sold by John R. Wood Properties
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Price & Sales History for 1046/1048/1090 Periwinkle Way
Date
Details
Price
Change
Source
10/19/2023
Sold
$1,650,000
-8.28%
MLS
8/14/2023
Price Reduced
$1,799,000
-10.05%
MLS
5/17/2023
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1046/1048/1090 Periwinkle Way, Sanibel, FL 33957 (MLS# 223037280) is a Retail property that was sold at $1,650,000 on October 19, 2023. Want to learn more about 1046/1048/1090 Periwinkle Way? Do you have questions about finding other Retail real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.

