ChrisRoye
MLS#2026002508
STATUSActive
PROPERTY TYPECommercial -
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.
Property Features
Property Type: Commercial -
Lot Size: 0.63 Acres
Stories: 2.0
Taxes: $25,869
Year Built: 1980
Feature Descriptions
Days on Site: 195
GEO Area: SI01 - Sanibel Island
Home Warranty Y/N: No
Lease Considered Y/N: No
Parcel #: 26-46-22-T2-0030E.0060
Property Attached Y/N: No
Units in Building: Square Feet
Waterfront: Lake
Listed By / Shown By
Listed By
Agency Name: Pfeifer Realty Group LLC
Agency Phone: 239-472-0004
Shown By
Agent Name: Chris Roye
Agent Phone: (219) 545-5880
Agency Title: Key Realty
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2440 Palm Ridge Rd | MLS# 2026002508
This commercial property located at 2440 Palm Ridge Rd, Sanibel, FL 33957 is currently listed for sale with an asking price of $2,700,000. Search Sanibel real estate on chrisroye.ikeyrealty.com today.