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Sanibel Commercial Building with Upside

2440 Palm Ridge Rd, Sanibel, FL 33957

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For Sale

$2,700,000

Income-producing commercial building with future residential potential in Sanibel, Florida.

Type:Commercial

Property size:

4,066 SF

Price / SF:

$664/SF

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.
Second floor offers future residential potential with architectural plans prepared (subject to City approval).
Durable construction with steel‑reinforced concrete slab and concrete stem wall footings.
Building being repainted and doors replaced on second floor.

We can help!

Listing Contact

Tina DiCharia

Learn more

For Sale

$2,700,000

Income-producing commercial building with future residential potential in Sanibel, Florida.

Type:Commercial

Property size:

4,066 SF

Price / SF:

$664/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 5:36 pm

Property Features for 2440 Palm Ridge Rd

General Information

Standard status: Active
Size: 4,066 SF
Property subtype: Commercial

Building Details

Year Built: 1980

We can help!

Listing Contact

Tina DiCharia

Listing agent Tina DiCharia License #280596822

Listing office Royal Shell Real Estate, Inc.

Listing date Apr 24, 2026

Source Elliman

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.

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.
Second floor offers future residential potential with architectural plans prepared (subject to City approval).
Durable construction with steel‑reinforced concrete slab and concrete stem wall footings.
Building being repainted and doors replaced on second floor.

Overview

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.

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

Suggested Use

Similar Places Nearby

Floral Artistry — 2400 Palm Ridge Rd, Sanibel, FL 33957

Location Insight

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Local Demand

City: Sanibel
County: Lee
State: Florida
Longitude: -82.07878
Latitude: 26.4399277

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For sale
Storefront properties
FL
Sanibel
33957
2440 Palm Ridge Rd

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.