2440 Palm Ridge RD, Sanibel, FL 33957

$2,700,000

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List Price
$2,700,000
Listing Price
$2,700,000
MLS#
2026002508
Status
ACTIVE
Property Class
Commercial
Status Type
Resale Property
County
Lee
Region
SI01 - Sanibel Island

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.

Additional Information

Year Built
1980
Waterfront Description
Lake
Acres
0.63
Tax Year
2024

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