610 Donax St 311, SANIBEL, FL

$2,199,999

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5

Beds

3

Baths

About 610 Donax St 311

Fully rebuilt and open for business since March 2024 with over $150K in bookings in only 5 months!. Buyer is buying a business with a guarantee 50+ years land lease with thriving earnings already in place. All bookings for future dates will be passed on to the buyer. This gem is a once in a lifetime opportunity for a buyer looking for an impressive income stream. This quaint three unit Inn is located in the Resort Zone and has always been rented as a daily rental. Just steps away from the Donax St beach, it has consistently been a priority destination for visiting tourists that love Sanibel for its shells, beaches and small town vibe. New Central Air Conditioner, new furniture and enhancements in upper unit. The other 2 units have been rebuilt in totality, ground up. Also new roof, new siding, new landscaping, we have focused on each part of the process with forethought and care to make this again a destination for guests throughout the Country and Internationally. This Inn has been rented on the major online accounts since 2017 and has built up a reputation for consistent bookings. 2024 calendar is already booking out, so a buyer will close with income already in place. In addition, many previous guests book direct and come back year after year. This special property is a 100 year land lease with over 50 years remaining and a smart and stable investment without the volatility of other investment options. With all the working policies and procedures already in place, a new owner can virtually take over an established business, streamlined with proven efficiencies and income.

Features of 610 Donax St 311

MLS® # 223021154
Price $2,199,999
Bedrooms 5
Bathrooms 3.00
Full Baths 3
Acres 0.00
Year Built 1980
Type Income
Sub-Type Triplex
Style Triplex
Status Active

Community Information

Address 610 Donax St 311
Area SI01 - Sanibel Island
Subdivision SANIBEL SURFSIDE CONDO
City SANIBEL
County Lee
State FL
Zip Code 33957

Amenities

Amenities Beach Access
Is Waterfront No
Waterfront None
Has Pool No

Interior

Heating Central Electric
Cooling Central Electric
Fireplace No

Exterior

Exterior Wood Frame, Vinyl Siding
Lot Description Across From Beach Access, Oversize
Roof Metal
Construction Wood Frame, Vinyl Siding

Additional Information

Date Listed March 17th, 2023
Zoning MF
Foreclosure No
Short Sale No

Listing Details

OfficeRE/MAX Trend

Listing Map

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