40
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$2,989,000
Est. payment /mo
0.99 Acres Lot
Active
2430 Palm Ridge RD #2426 Sanibel, FL 33957
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026018701
Style Resale Property
Year Built 1972
Annual Tax Amount $3,827
Tax Year 2025
Lot Size 0.990 Acres
Acres 0.99
Source Florida Gulf Coast
Property Description
Exceptional mixed-use investment opportunity in the heart of Sanibel Island's Town Center Commercial District.Situated on highly traveled Palm Ridge Road, this unique property offers outstanding visibility, a consistent incomehistory, and the rare combination of commercial frontage with scenic lake views and tropical wildlife surroundings.The property consists of three buildings featuring seven remodeled residential apartments and six establishedcommercial units, along with two separate garage/storage rentals providing additional income. Several residentialunits enjoy peaceful lake views, enhancing tenant appeal. The residential component includes seven bedrooms andseven bathrooms, while the 6 commercial spaces are equipped with eight half-bathrooms, allowing for flexibleconfigurations suited to professional, retail, service, or live-work uses. This asset has a proven track record as anincome-producing property and has previously been utilized by the City of Sanibel, underscoring its versatility andlong-term value within the community. Ideally positioned with convenient access to Captiva and all areas of Sanibel,the property is located within one of the island's most established and desirable commercial corridors. Occupancyhas remained consistently strong, with all commercial units currently leased and all but one residential unit occupied.Detailed rent rolls and financials are available to qualified buyers. For investors seeking to be part of the early stagesof Sanibel and Captiva's resurgence, this property offers a rare opportunity to acquire a stabilized, income-producingasset while positioning for the next chapter of growth, revitalization, and long-term appreciation in one of SouthwestFlorida's most iconic island markets.
Location
State FL
County Lee
Zoning TCG
Interior
Cooling true
Inclusions Building And Land
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Waterfront Description Lake
Garage No
Building
Story 2
Level or Stories 2
New Construction No
Others
Senior Community No
Tax ID 26-46-22-T2-0030E.0070
Listed by Royal Shell Real Estate, Inc. • Michael McMurray
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Cape Coral, FL, USA
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