• MLS® #: 217029501
  • Bait Box 1037/1039 Periwinkle Way

  • SANIBEL, FL 33957
  • $2,500,000
  • 73025 , 1.68 Acres
  • Commercial
  • Office: Vip Realty Group,inc

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.

Essential Information

  • MLS® #217029501
  • Price$2,500,000
  • Square Footage73,025
  • Acres1.68
  • Year Built1984
  • TypeCommercial
  • StatusActive
  • Taxes$20,697
  • Tax Year2016


Office: Office Building, Retail-Commercial: Other, Retail-Commercial: Free Standing Building, Special Purpose: Misc. Other

Community Information

  • AreaSI01 - Sanibel Island
  • CountyLee
  • StateFL
  • Zip Code33957


Bait Box 1037/1039 Periwinkle Way


  • WaterfrontNone


Electric, Phone Line, Septic, Trash Removal, Water


  • # of Stories1


  • Lot Description400

Additional Information

  • Date ListedApril 26th, 2017
  • Days on Market233

Property Location

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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on December 16th, 2017 at 5:15pm EST.