For Sale Commercial MLS# 2026002508

2440 Palm Ridge RD

SANIBEL, FL 33957

$2,700,000

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About 2440 Palm Ridge RD

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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1980
Stories
2
Lot
0.632
Original price
$2,700,000
MLS #
2026002508

Exterior & lot

Features
Parking spaces: 23
Construction
2
Lot
TCG, PALM RIDGE BLK E PB 23 PG 57 LOTS 6 + 5, 26-46-22-T2-0030E.0060
Waterfront
Lake

Schools

District
Lee County School District

Financial

Financial
Florida Gulf Coast
Annual tax
$25,869
Tax year
2024
Parcel
26-46-22-T2-0030E.0060
Legal
PALM RIDGE BLK E PB 23 PG 57 LOTS 6 + 5

Location

County
Lee
Neighborhood
Palm Ridge
Community
Lee, Florida Gulf Coast

Location

Neighborhood
Palm Ridge
School district
Lee County School District

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Listed by Tina DiCharia, Pfeifer Realty Group LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.