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$2,700,000
( )
 $14,494 est/mo Sourced by Back At You

2440 Palm Ridge Rd,Sanibel, FL 33957

Sanibel, FL 33957

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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.

Details

MLS #2026002508
Listing TypeFor Sale
StyleRetail
Building NamePelican Place Shopping Center
Sub-TypeResale
StatusActive
Year1980
Days On Site245
Listing Provided ByPfeifer Realty Group LLC | Tina DiCharia

Features

Story(s)2
ZoningTCG
Acreage0.63
Water FrontYes

Taxes

Tax Annual Amount25869.37

Area Information

StateFL
CountyLee
CitySanibel
Zip Code33957
AreaSI01 Sanibel Island
Listing VS Median (in 33957)
Price:
$2,700,000
low | high
Med:
$979,000
100% of Average
On site:
245
low | high
Med:
132
100% of Average
Sourced by Back At You

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Arterra Realty

Arterra Realty

 (248) 731-0048marketing@arterrarealty.com
StateFL
CountyLee
CitySanibel
Zip Code33957
AreaSI01 Sanibel Island
Listing VS Median (in 33957)
Price:
$2,700,000
low | high
Med:
$979,000
100% of Average
On site:
245
low | high
Med:
132
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.25M - $3.375M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2430 Palm Ridge RD 2426 Property Photo 1
$2,989,000
2430 Palm Ridge Rd 2426
Sanibel, FL 33957
Listing Updated: October 5, 2026 at 11:38:53 AM PDT
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