Mixed-Use Property with Lake
For Sale
$2,989,000
2430 Palm Ridge Road, Sanibel, FL 33957
CommercialSale, Sanibel, FL
Property SizeContact for details
Lot Size0.99 Acres
Days on Market59
Property Features for 2430 Palm Ridge Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
TCG
Subdivision
SI01 - Sanibel Island
Standard status
Active
APN
26-46-22-T2-0030E.0070
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM RIDGE BLK E PB 23 PG 57 LOT 7
Tax Annual Amount
3828
Legal Description
PALM RIDGE BLK E PB 23 PG 57 LOT 7
Utilities
Water front features
Lake
Water front
1
Building Details
Year built
1972
Floors in Building
2
Listing Agency:
Royal Shell Real Estate, Inc.
(239) 472-0078
Listed By:
Michael McMurray · License #280500145
(239) 850-7888
Added: Jul 6
Changed: Aug 19
Last Checked: Sep 2 at 2:06PM
MLS# 2026018701
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Investment Insights
Based on property information with market context.
This mixed-use property comprises three buildings with seven remodeled residential apartments, six commercial units, and two separate garage or storage rentals. The residential component includes seven bedrooms and seven bathrooms, while the commercial spaces contain eight half-bathrooms to support varied configurations. Several apartments overlook the lake, adding a distinct setting to the residential portion.
Located at 2430 Palm Ridge Road in Sanibel’s Town Center Commercial District, the property occupies 0.99 acres along a heavily traveled commercial corridor. Waterfront features include a lake, and the site offers access to Captiva and other areas of Sanibel. All six commercial units are currently leased, while six of the seven residential units are occupied. Built in 1972, the property also includes commercial frontage and established rental components.
Located at 2430 Palm Ridge Road in Sanibel’s Town Center Commercial District, the property occupies 0.99 acres along a heavily traveled commercial corridor. Waterfront features include a lake, and the site offers access to Captiva and other areas of Sanibel. All six commercial units are currently leased, while six of the seven residential units are occupied. Built in 1972, the property also includes commercial frontage and established rental components.
Key Highlights
- Seven remodeled residential apartments across three buildings
- Six commercial units with eight half‑bathrooms; all commercial units currently leased
- Two separate garage/storage rentals provide additional rental components
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 33957, FL
6,382
Population
8,525
Households
0.7
Avg Household Size
68
Median Age
62%
College-Educated
99%
High-School Grad
16.2 sq mi
ZIP Area
394
Density / Sq Mi
$122,730
Median Household Income
$44,840
Median Earnings
$747
Median Rent
$912,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine leased commercial suites with remodeled apartments and residential outlooks over the lake.
Where is this mixed-use property located?
The property is located at 2430 Palm Ridge Road Sanibel, FL.
What is the asking price?
The asking price for this property is $2,989,000.
What are key features of this property?
This property features: Seven remodeled residential apartments across three buildings; Six commercial units with eight half‑bathrooms; all commercial units currently leased; Two separate garage/storage rentals provide additional rental components
