The Islander Center on Sanibel Island 2407 Periwinkle Way 7,825 SF 72% Leased Retail Building Sanibel, FL 33957 $5,500,000 ($702.88/SF)

Invest Florida is proud to represent The Islander Center! This boutique center consists of two buildings (east and west) with a generous parking lot of 58 spaces in between them. The west building consists of four (4) units approximately 4,095 SQFT. Within the west building there is a take-out restaurant with covered outdoor seating. additionally, there is a medical office, and two retail/office uses. The east building consists of two units approximately 3,801 SQFT. The East building has a full-service 1,587 SQFT restaurant space with indoor and outdoor seating and the second unit is a larger 2,214 SQFT. well, laid out office space. Both these building total 7,896 SQFT. with six (6) total units and share 58 parking space between them. This boutique shopping center is centrally located in the heart of Sanibel Island on Periwinkle Way. The shopping center has 244 FT of Frontage on Periwinkle Way and is over 1.35 acres. The Islander shopping center has been completely renovated with completely NEW interiors, mechanicals and HVAC systems! These newly remodeled
spaces at this location leaves little to worry about when it comes to capital expenditures and will allow the new owners to obtain much higher rental prices per SQFT. Invest Florida believes that the Islander Center represents a great opportunity to invest in an income producing trophy property that has upside revenue potential! If you are and owner/user that wants additional income alongside your own business this is the perfect opportunity! Invest Florida is a full-service commercial brokerage company that can also assist you in managing this property! I encourage you to schedule a showing and let's see if this investment is a good fit for you! Unit 5 recently sign a new lease with Island Time Wine an existing tenant in Unit 4 is moving into the larger restaurant space in Unit 5. They start paying rent on Unit 5 as of August 2026. Available for Lease - Unit 4 and 840 SQFT space is now available with move in date August 1st, 2026. This space is a 20 seat restaurant use and is perfect for ice cream or pizza shop!