2430 Palm Ridge Road 2426Sanibel, FL 33957
Lee County
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Office
- Year built
- 1972
- Stories
- 2
- Lot size
- 0.99 acres
- Days on market
- 74
- MLS® Listing#
- 2026018701
Property Features
- Lot features
- Waterfront
- Utilities
- Electricity Available · Water Available
Financial Details
- Annual taxes
- $3,828Tax year 2025
- Parcel number
- 26-46-22-T2-0030E.0070
Listing Courtesy: Royal Shell Real Estate, Inc. - 2394720078
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
More listings to consider
View similar listings View nearby listings$2,999,000
Similar1223 Periwinkle WaySanibel, FL 33957#225044961
$2,700,000
Similar2440 Palm Ridge RoadSanibel, FL 33957#2026002508
$3,000,000
Similar4819 Tradewinds DriveSanibel, FL 33957#2026018790
$1,495,000
Nearby0.2 mi2341 Palm Ridge Road A, B, CSanibel, FL 33957#2026022434
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1223 Periwinkle Way, Sanibel, FL | $2,999,000 | — | — | — |
| 2440 Palm Ridge Road, Sanibel, FL | $2,700,000 | — | — | — |
| 4819 Tradewinds Drive, Sanibel, FL | $3,000,000 | — | — | — |
