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1801 Olde Middle Gulf Dr 2.54 Acres of Commercial Land Offered at $5,999,000 in Sanibel, FL 33957
EXECUTIVE SUMMARY
This is the site of the former Clamshell condominium complex which was comprised of 6 units, 3 three-bedroom units and 3 two-bedroom units, a large pool and private boardwalk. This was all located directly along the beach and Gulf of Mexico. The buildings have been taken downand the pool shell remains. The parcel offers 300' of beach frontage and approximately 2.54 acres of land. Zoned multifamily the subjectproperty has a designated zoning categorization, as follows: D-1 (Lowlands Wetland Zone), E-2 (Gulf Beach Ridge), and A (Gulf Beach Zone).Many redevelopment options exist where the new properties would feature beach frontage and stunning views. Centrally located on SanibelIsland between the well-known condominium complexes of Sanddollar and Signal Inn, this parcel is close to it all including an 18-hole golfcourse, shops, restaurants, resorts and along Sanibel's scenic bike paths. This is your chance to be a part of the rebuilding of Sanibel Island.
PROPERTY FACTS
| Price | $5,999,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.54 AC |
| Property Type | Land | ||
| Zoning | Multi-family - Multi Family | ||
| Price | $5,999,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.54 AC |
| Zoning | Multi-family - Multi Family |
1 LOT AVAILABLE
Lot
| Price | $5,999,000 | Lot Size | 2.54 AC |
| Price Per AC | $2,361,811.02 |
| Price | $5,999,000 |
| Price Per AC | $2,361,811.02 |
| Lot Size | 2.54 AC |
Bike Score®
Very Bikeable (74)
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1801 Olde Middle Gulf Dr
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