2440 Palm Ridge Road

Sanibel, FL 33957

For Sale
$2,700,000
Listed: February 8, 2026
MLS#: 2026002508

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.

Key Details

Price
2,700,000
Year Built
1980
Lot Size
0.632 Acres
Property Type
CommercialSale
Property Subtype
Retail
County
Lee
Cooling
Yes
Heating
Yes
Taxes (Annual)
$25,869.37 (Year: 2024)

Location

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