Sanibel Commercial Building with
2440 Palm Ridge Rd Sanibel, FL 33957
2440 Palm Ridge Rd, Sanibel, FL, 33957
$2,700,000
For Sale
$2,700,000
Income-producing commercial building with future residential potential in Sanibel, Florida.
Property Size4,066 SF
Price / SF$664.04
Days on Market85
Property Features for 2440 Palm Ridge Rd
General Information
- Standard status
- Active
- Size
- 4,066 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
Royal Shell Real Estate, Inc.
(239) 340-5636
Listed by
Tina DiCharia · License #280596822
(239) 340-5636
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 5:49 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Royal Shell Real Estate, Inc.
Investment Insights
Based on property information with market context.
This income-producing two-story commercial building is located in the heart of Sanibel’s Central Business District. The property features 175 feet of frontage on Palm Ridge Road, offering high visibility. Zoned Town Center Limited, it is suitable for retail and mixed-use opportunities. The property is designated G (Altered Lands) under the City of Sanibel Comprehensive Land Use Plan. The first floor is fully leased, providing immediate cash flow. Each level offers 4,066 square feet of space. Constructed with a steel-reinforced concrete slab and concrete stem wall footings, the building is designed for durability and low maintenance. The second floor has future residential potential, with architectural plans already prepared and subject to City approval, creating value-add and additional income upside. The building is currently being repainted, and doors are being replaced on the second floor. The location is very bikeable with a bike score of 77, but car-dependent with a walk score of 4.
Key Highlights
- Income‑producing property with fully leased first floor providing immediate, stable cash flow.
- Prime location in Sanibel's Central Business District with 175 feet of Palm Ridge Road frontage and outstanding visibility.
- Zoned Town Center Limited, ideal for retail and mixed‑use opportunities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Great White Grill
Restaurant
Sunset Air and Home ...
Hardware & Home Improvement
Keller Williams Realty ...
Real Estate Agency
Newport Property Construction
Construction Company
Pelican Place
Shopping Center & Mall
Similar For Sale Nearby
Similar Off Market Nearby
- Floral Artistry — 2400 Palm Ridge Rd, Sanibel, FL 33957
FAQs
What type of property is this?
Storefront property - Income-producing commercial building with future residential potential in Sanibel, Florida.
Where is this storefront property located?
The property is located at 2440 Palm Ridge Rd Sanibel, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Income‑producing property with fully leased first floor providing immediate, stable cash flow.; Prime location in Sanibel's Central Business District with 175 feet of Palm Ridge Road frontage and outstanding visibility.; Zoned Town Center Limited, ideal for retail and mixed‑use opportunities.
