Bait Box 1037/1039 Periwinkle Way
Sanibel, FL 33957
MLS #217029501

Commercial
  • 1.68acres
$2,500,000
Est. P&I payment: $9548.31/mo
Bait Box 1037/1039 Periwinkle Way, Sanibel, FL 33957
  • Bait Box 1037/1039 Periwinkle Way, Sanibel, FL 33957 Photo 1
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Description for Bait Box 1037/1039 Periwinkle Way, Sanibel, FL 33957
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. Property can also be purchased separately from The Bait Box business. 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.
MLS #217029501
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My Notes for MLS #217029501

General Features

  • Commercial Property Type: Office: Office Building,​Retail-Commercial: Free Standing Building,​Retail-Commercial: Other,​Special Purpose: Misc. Other
  • Commercial Type: Business w/Property
  • Year Built: 1984

Exterior Features

  • Acres: 1.68
  • Canal Width: None
  • Depth: 400
  • Lot Frontage: 200
  • Source of Measure Lot Size: Previous Appraisal
  • Subject Property SqFt: 73,025
  • Waterfront Description: None

Interior Features

  • Total Floors: 1

Utility Features

  • Cooling?: 1
  • Utilities Available: Electric,​Phone Line,​Septic,​Trash Removal,​Water

Financial Features

  • Sale Includes: Building And Land,​Business,​Equipment,​Fixtures,​Furniture,​Inventory,​Other See Remarks,​Trade Name
  • Taxes: 20,697
  • Tax Year: 2016

Miscellaneous Features

  • Cumulative Days on Market: 90
  • Confidentiality Agreement Req: 1
  • Legal Description: BEG AT INTSEC CO RD + E LI SEC 19 W ALG S SI CO RD 350 FT TO POB CONT W ALG
  • Tenancy: Multiple

Location

 
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The listing information for Bait Box 1037/1039 Periwinkle Way, Sanibel, FL 33957 was graciously provided by our friends at the listing brokerage, VIP Realty Group,Inc

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P&I Payment $9548.31
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Last Updated 11/23/2017 at 8:39pm
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