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The Palmview 706 Donax St 8 Room Hotel Sanibel, FL 33957 $5,300,000 ($662,500/Room)
Investment Highlights
- The combined inns include 10 units with 2 lockouts and flexible configurations to accommodate larger groups or families.
- The Palmview Inn offers connecting doors between select units, creating the option for multi-bedroom arrangements.
- Located in Sanibel, the property benefits from strong tourist demand and proximity to renowned Gulf Coast beaches.
- On-site amenities include dedicated laundry facilities, storage areas, and an outdoor shower for guest convenience.
- The Sandpiper Inn includes a pet relief area, adding appeal to animal-friendly travelers.
- Offered as a turnkey hotel opportunity, the asset includes an option for professional management to remain in place.
Executive Summary
Palmview and Sandpiper Inns present a distinctive investment opportunity in the heart of Sanibel, Florida, with two neighboring inn properties comprising a total of 10 units plus 2 lockouts across four well-maintained buildings. Constructed in 1960 and fully operational as a turnkey hospitality business, these inns offer an established revenue stream with the option to retain experienced management for seamless operation. Combined, the properties feature a variety of room configurations ranging from one-bedroom suites to a three-bedroom, two-bath unit, catering to a range of guest needs. Amenities such as multiple laundry rooms, storage spaces, an outdoor shower, and pet relief areas enhance guest convenience. The lush tropical setting and proximity to Sanibel’s beaches and attractions create strong potential for occupancy growth and repeat clientele. With 6,618 square feet of combined building space and a proven track record as a boutique lodging destination, this asset is positioned for value-add strategies or continued steady income through vacation rentals.
Property Facts
| Price | $5,300,000 | Building Size | 6,748 SF |
| Price Per Room | $662,500 | No. Rooms | 8 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1965/2022 |
| Property Subtype | Hotel | Parking Ratio | 1.63/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.75 AC | ||
| Zoning | Commercial | ||
| Price | $5,300,000 |
| Price Per Room | $662,500 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.75 AC |
| Building Size | 6,748 SF |
| No. Rooms | 8 |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 1.63/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | $165.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 30-46-23-T2-00304.0140 | Improvements Assessment | $403,497 |
| Land Assessment | $754,971 | Total Assessment | $1,158,468 |
Property Taxes
Parcel Number
30-46-23-T2-00304.0140
Land Assessment
$754,971
Improvements Assessment
$403,497
Total Assessment
$1,158,468
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Contact the Sale Advisor
The Palmview | 706 Donax St