Mixed-Use Property with
New
For Sale
$2,989,000
2430 Palm Ridge Road 2426, Sanibel, FL 33957
Three buildings combine residential apartments, commercial suites, and separate garage and storage rentals.
Property SizeContact for details
Days on Market4
Property Features for 2430 Palm Ridge Road 2426
General Information
Standard status
Active
Zoning
TCG
Site & Location
Road Access
Yes
Mixed-Use Components
residential, commercial, garage/storage
Additional Details
Multifamily Units
7
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,827
Amenities
lake views
true
2
false
0.99
Appraiser
Building Details
Year Built
1972
Buildings
3
Stories
2
Tenancy
Multi
Listing Agency:
Royal Shell Real Estate, Inc.
(813) 796-7827
Listed By:
Kylie Wise
Source:
Agilegrouprealty
Added: Oct 30
Changed: Nov 2
Last Checked: Nov 1 at 3:20PM
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.
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Investment Insights
Based on property information with market context.
The property comprises three buildings with seven remodeled apartments and six commercial units. The residential component includes seven bedrooms and seven bathrooms, and several apartments have lake views. Commercial spaces are fitted with a total of eight half-bathrooms. Two separate garage and storage rentals provide additional rental components. The property was built in 1972 and is zoned TCG.
Located on Palm Ridge Road in Sanibel’s Town Center Commercial District, the property has access to the island’s commercial corridor. All six commercial units are leased, while all but one of the seven apartments are occupied.
Located on Palm Ridge Road in Sanibel’s Town Center Commercial District, the property has access to the island’s commercial corridor. All six commercial units are leased, while all but one of the seven apartments are occupied.
Key Highlights
- Three buildings contain 7 remodeled residential apartments and 6 commercial units
- Two separate garage and storage rentals
- Seven bedrooms and seven bathrooms across the residential component
Property Analytics
Who owns this building?
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Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine residential apartments, commercial suites, and separate garage and storage rentals.
Where is this mixed-use property located?
The property is located at 2430 Palm Ridge Road 2426 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 buildings contain 7 remodeled residential apartments and 6 commercial units; Two separate garage and storage rentals; Seven bedrooms and seven bathrooms across the residential component
