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, a boutique commercial property located in the heart of Sanibel Island on highly visible Periwinkle Way. The property consists of two buildings totaling approximately 7,896 SQFT on over 1.35 acres, with approximately 244 feet of frontage and a generous 58-space parking lot shared between the buildings. The west building includes four units totaling approximately 4,095 SQFT, featuring a take-out restaurant with covered outdoor seating, a medical office, and two retail/office spaces. The east building includes two units totaling approximately 3,801 SQFT, including a 1,587 SQFT full-service restaurant space with indoor and outdoor seating, plus a larger 2,214 SQFT well-laid-out office space. The Islander Center has been extensively renovated with new interiors, mechanical systems, and HVAC systems, leaving little concern for near-term capital expenditures. These improvements position the property for stronger rental rates and long-term upside.
This is a rare opportunity to acquire an income-producing trophy property on Sanibel Island with meaningful upside potential. It is also an excellent fit for an owner/user seeking to operate their own business while generating additional rental income from the remaining units. Leasing Update: Unit 5 has recently been leased to Island Time Wine, an existing tenant currently in Unit 4, who will be moving into the larger restaurant space in August 2026. Available for Lease: Unit 4, approximately 840 SQFT, will be available August 1, 2026. This approved 20-seat restaurant space is ideal for an ice cream shop, pizza concept, café, or other boutique food use.
Invest Florida is a full-service commercial brokerage company and can also assist with property management. Schedule a showing today and see if The Islander Center is the right investment opportunity for you.