2440 Palm Ridge RD, Sanibel, FL 33957
2440 Palm Ridge RD, Sanibel, FL 33957
2440 Palm Ridge RD, Sanibel, FL 33957
2440 Palm Ridge RD, Sanibel, FL 33957
2440 Palm Ridge RD, Sanibel, FL 33957
2440 Palm Ridge RD, Sanibel, FL 33957
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Stacy Russell

Stacy Russell

+1(616) 633-7531
$ 2,700,000
Est. payment | /mo

0.63 Acres Lot

Save Virtual Tour
$ 2,700,000
Est. payment | /mo
Save Virtual Tour

0.63 Acres Lot

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

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 Pfeifer Realty Group LLC • Tina DiCharia

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Stacy Russell

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+1(616) 633-7531

stacy@stacysells239.com

Epique Realty 100 S Ashley Dr Suite 600 Tampa, FL 33602

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2440 Palm Ridge RD