Mixed-Use Income Property with Commercial
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 Market48
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: Aug 22 at 7:06PM
MLS# 2026018701
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use income property includes three buildings with seven remodeled residential apartments and six established commercial units, along with two separate garage/storage rental units. The residential portion is configured with seven bedrooms and seven bathrooms, and several apartments offer lake views. The commercial spaces include eight half-bathrooms, supporting flexible layouts for a variety of professional, retail, and service or live-work use.
The property is located at 2430 Palm Ridge Road in Sanibel, Florida, and is described as being in the Town Center Commercial District with prominent visibility along Palm Ridge Road.
Current leasing includes all six commercial units leased and all but one residential unit occupied. Detailed rent rolls and financial information are available to qualified buyers.
The property is located at 2430 Palm Ridge Road in Sanibel, Florida, and is described as being in the Town Center Commercial District with prominent visibility along Palm Ridge Road.
Current leasing includes all six commercial units leased and all but one residential unit occupied. Detailed rent rolls and financial information are available to qualified buyers.
Key Highlights
- Three‑building mixed‑use property on Palm Ridge Road with Lake waterfront frontage
- 7 remodeled residential apartments plus 6 established commercial units
- Residential layout includes 7 bedrooms and 7 bathrooms; several units offer lake views
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
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?
Apartment building - This mixed-use income property includes three buildings with seven residential apartments and six commercial spaces, plus two garage/storage rentals.
Where is this apartment building 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: Three‑building mixed‑use property on Palm Ridge Road with Lake waterfront frontage; 7 remodeled residential apartments plus 6 established commercial units; Residential layout includes 7 bedrooms and 7 bathrooms; several units offer lake views
