2938 Sanibel Boulevard • For Sale
Sale Price: $1,499,000
Total Size Available: 10,450± SF
Lot Size: 1.61± AC
Zoning: C-1 (Commercial)
Waters Edge Motel is a waterfront motel with direct gulf access. There are ten boat docks included and currently reserved for guests but could also be rented out to increase revenue. The property has room to add a pool or potentially build a tiki bar to add another profit center. Ownership has run this property absentee but would be more beneficial for a more hands-on approach. There is unlimited potential for any direction that you choose. The property is situated on the south end of Pine Island which is the largest island in the state of Florida. This location is in high demand due to its easy access to Pine Island Sound and Matlacha Pass, home to some of the best boating and fishing in the world. Possibility to convert to long-term rentals as well. There is an additional 0.21 acres adjacent on Oleander Street that could be purchased separately if more land is desired.