Mixed-Use Property with Commercial
For Sale
$2,989,000
2430 Palm Ridge Road 2426 Sanibel, Sanibel, FL 33957
Three-building mixed-use asset with leased commercial space, remodeled apartments, and additional garage/storage rentals.
Property SizeContact for details
Days on Market35
Property Features for 2430 Palm Ridge Road 2426 Sanibel
General Information
Standard status
Active
Additional Details
Business Included
Yes
Road Access
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$3,827
Amenities
true
2
0.99
Appraiser
Building Details
Year Built
1972
Stories
2
Tenancy
Multi
Listing Agency:
(904) 569-5862
Listed By:
Timothy and Kimberley Simmons
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 14
Changed: Aug 16
Last Checked: Aug 16 at 3:10AM
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 Timothy and Kimberley Simmons
Investment Insights
Based on property information with market context.
This mixed-use property includes three buildings with seven remodeled residential apartments and six established commercial units, plus two separate garage/storage rentals for additional income. The residential layout comprises seven bedrooms and seven bathrooms, with several units described as offering lake views. The commercial spaces include eight half-bathrooms, supporting flexible build-outs for a range of professional, retail, service, or live-work configurations.
The property is positioned along Palm Ridge Road in Sanibel’s Town Center Commercial District and is described as having visibility on a highly traveled corridor with lake views and tropical surroundings. The property previously has been utilized by the City of Sanibel, reflecting its versatility.
Current occupancy is reported as strong, with all commercial units leased and all but one residential unit occupied. Detailed rent rolls and financials are available to qualified buyers.
The property is positioned along Palm Ridge Road in Sanibel’s Town Center Commercial District and is described as having visibility on a highly traveled corridor with lake views and tropical surroundings. The property previously has been utilized by the City of Sanibel, reflecting its versatility.
Current occupancy is reported as strong, with all commercial units leased and all but one residential unit occupied. Detailed rent rolls and financials are available to qualified buyers.
Key Highlights
- Three‑building mixed‑use property with 7 remodeled residential apartments and 6 commercial units.
- All commercial units are currently leased; all but one residential unit is occupied.
- 0.99‑acre lot with waterfront setting and scenic lake views reported for several residential units.
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
354
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building mixed-use asset with leased commercial space, remodeled apartments, and additional garage/storage rentals.
Where is this mixed-use property located?
The property is located at 2430 Palm Ridge Road 2426 Sanibel 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: Three‑building mixed‑use property with 7 remodeled residential apartments and 6 commercial units.; All commercial units are currently leased; all but one residential unit is occupied.; 0.99‑acre lot with waterfront setting and scenic lake views reported for several residential units.
