FL
Lee
Sanibel
33957
2430 Palm Ridge Road 2426
2430 Palm Ridge Road 2426, Sanibel, FL 33957
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Listing Type
Commercial/Industrial
Listing Status
Active
40
$2,989,000

Home Details for 2430 Palm Ridge Road 2426

Price
$2,989,000
Type
Commercial Sale
Year built
1972
Lot size acres
0.99
County
Lee
Days on site
41
MLS Listing#
2026018701
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.

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Property Features
  • Utilities
    • Electricity Available
    • Water Available
  • Waterfront and Water Access
    • Lake
Listing Courtesy: Royal Shell Real Estate, Inc. - 239-472-0078
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Market statistics compiled from data from Royal Palm Coast Realtor Association.
EXIT GULF COAST REALTY
3515 Del Prado Blvd South 105/106, Cape Coral, FL 33904
Office
239 800 2726
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