19
See all 19 photos
$2,700,000
Est. payment /mo
0.63 Acres Lot
Active
2440 Palm Ridge RD Sanibel, FL 33957
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026002508
Construction Status Resale
HOA Y/N No
Year Built 1980
Annual Tax Amount $25,869
Tax Year 2024
Lot Size 0.632 Acres
Acres 0.632
Property Sub-Type Retail
Property Description
Income-producing two-story commercial building in the heart of Sanibel's Central Business District, offering 175 feet of prime Palm Ridge Road frontage and outstanding visibility. Zoned Town Center Limited, the preferred location for retail and mixed-use opportunities, and is designated G (Altered Lands) under the City of Sanibel Comprehensive Land Use Plan. The fully leased first floor provides immediate, stable cash flow, while each level offers 4,066 square feet of space. Constructed with steel-reinforced concrete slab and concrete stem wall footings for long-term durability and low maintenance. The second floor presents future residential potential, with architectural plans already prepared and subject to City approval—creating meaningful value-add and additional income upside. A strategic opportunity to secure high-visibility Sanibel commercial real estate with both current performance and long-term growth potential. Building currently being repainted & doors replaced on second floor.
Location
State FL
County Lee
Area Si01 - Sanibel Island
Rooms
Bedroom Description NaN
Interior
Furnishings Furnished
Fireplace No
Exterior
Waterfront Description Lake
Present Use Commercial,Retail
Garage No
Building
Story 2
Construction Status Resale
Others
Senior Community No
Tax ID 26-46-22-T2-0030E.0060
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026002508
Listed by Royal Shell Real Estate, Inc. • Tina DiCharia
NEARBY SCHOOL & BUSINESS
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