The Islander Center on Sanibel Island 2407 Periwinkle Way 7,896 SF 72% Leased Retail Building Sanibel, FL 33957 $5,200,000 ($658.56/SF)

Invest Florida is proud to exclusively represent The Islander Center, a premier boutique commercial investment opportunity ideally situated in the heart of Sanibel Island along highly visible Periwinkle Way. The property consists of two beautifully renovated buildings totaling approximately 7,896 square feet situated on over 1.35 acres, offering approximately 244 feet of prime frontage on one of Sanibel's most traveled commercial corridors. A generous 58-space parking lot shared between both buildings provides abundant parking for customers, employees, and visitors.
The West Building encompasses approximately 4,095 square feet and consists of four suites occupied by a complementary mix of commercial tenants, including a take-out restaurant in Unit 1 with covered outdoor seating, a concierge medical office in Unit 2, a bike rental shop in Unit 3 and a 20 seat restaurant use available for lease in unit 4.
The East Building totals approximately 3,801 square feet and features a 1,587-square-foot full-service restaurant with both indoor and outdoor seating, together with a spacious 2,214-square-foot professional office suite suitable for a wide variety of office or medical uses.
Following an extensive renovation, The Islander Center has been significantly upgraded with new interior finishes, modern mechanical systems, updated electrical infrastructure, and new HVAC equipment, minimizing near-term capital expenditures while positioning the property for continued rental growth and long-term appreciation.
A Rare Sanibel Investment Opportunity
The Islander Center presents investors with the opportunity to acquire a high-quality, income-producing commercial asset in one of Southwest Florida's most desirable island communities. Whether you are seeking a stabilized investment with future upside or an owner-user opportunity, this property offers exceptional flexibility. An owner can occupy one of the available suites while benefiting from rental income generated by the remaining tenants, creating an attractive blend of investment and operational value.
Leasing Activity
Demand at The Islander Center continues to strengthen.
Unit 5 has recently been leased to Island Time Wine, an existing tenant relocating from Unit 4 into the larger restaurant space beginning August 2026. This expansion reflects both tenant confidence and the continued momentum of Sanibel's commercial market.
Available for Lease
Unit 4 — Approximately 843 Square Feet
Available August 1, 2026
This fully approved 20-seat restaurant space is ideal for an ice cream shop, café, coffee concept, pizzeria, bakery, wine bar, specialty food operator, or other boutique dining experience. Opportunities to lease turnkey restaurant space on Sanibel Island are exceptionally limited, making this an outstanding opportunity for an entrepreneur or established operator seeking a premier island location.
Exclusive Representation
Invest Florida is a full-service commercial real estate brokerage specializing in investment sales, leasing, and property management throughout Southwest Florida. Whether you are looking to purchase, lease, or professionally manage commercial real estate, our team is committed to delivering exceptional service and results.
Schedule your private tour today and discover why The Islander Center represents one of Sanibel Island's most compelling commercial investment opportunities.