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Stacy Russell

stacy@stacysells239.com +1(616) 633-7531

$ 2,989,000

Est. payment | -/mo

0.99 Acres Lot

Save Virtual Tour

$ 2,989,000

Est. payment | -/mo

Save Virtual Tour

0.99 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2026018701

Construction Status Resale

HOA Y/N No

Year Built 1972

Annual Tax Amount $3,827

Tax Year 2025

Lot Size 0.990 Acres

Acres 0.99

Property Sub-Type Office

Property Description

Exceptional mixed-use investment opportunity in the heart of Sanibel Island's Town Center Commercial District.Situated on highly traveled Palm Ridge Road, this unique property offers outstanding visibility, a consistent incomehistory, and the rare combination of commercial frontage with scenic lake views and tropical wildlife surroundings.The property consists of three buildings featuring seven remodeled residential apartments and six establishedcommercial units, along with two separate garage/storage rentals providing additional income. Several residentialunits enjoy peaceful lake views, enhancing tenant appeal. The residential component includes seven bedrooms andseven bathrooms, while the 6 commercial spaces are equipped with eight half-bathrooms, allowing for flexibleconfigurations suited to professional, retail, service, or live-work uses. This asset has a proven track record as anincome-producing property and has previously been utilized by the City of Sanibel, underscoring its versatility andlong-term value within the community. Ideally positioned with convenient access to Captiva and all areas of Sanibel,the property is located within one of the island's most established and desirable commercial corridors. Occupancyhas remained consistently strong, with all commercial units currently leased and all but one residential unit occupied.Detailed rent rolls and financials are available to qualified buyers. For investors seeking to be part of the early stagesof Sanibel and Captiva's resurgence, this property offers a rare opportunity to acquire a stabilized, income-producingasset while positioning for the next chapter of growth, revitalization, and long-term appreciation in one of SouthwestFlorida's most iconic island markets.

Location

State FL

County Lee

Area Si01 - Sanibel Island

Interior

Furnishings Furnished

Fireplace No

Exterior

Utilities Available Electricity Available, Trash Collection, Water Available

Waterfront Description Lake

Present Use Commercial,Multi-Family,Retail

Garage No

Building

Story 2

Construction Status Resale

Others

Senior Community No

Tax ID 26-46-22-T2-0030E.0070

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026018701

Listed by Royal Shell Real Estate, Inc. • Michael McMurray

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+1(616) 633-7531

stacy@stacysells239.com

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

2430 Palm Ridge RD #2426 Sanibel, FL 33957

Stacy Russell

Key Details

Location

Interior

Exterior

Building

Others

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2430 Palm Ridge RD #2426