2440 Palm Ridge Road, Sanibel, FL 33957
sale
$2,700,000
|
Retail
Courtesy Of Royal Shell Real Estate, Inc.
Income-producing two-story commercial building in the heart of Sanibel's Central Business District, offering 175 feet of prime Palm Ridge Road frontage and outstanding visibility. Zoned Town Center Limited, the preferred location for retail and mixed-use opportunities, and is designated G (Altered Lands) under the City of Sanibel Comprehensive Land Use Plan. The fully leased first floor provides immediate, stable cash flow, while each level offers 4,066 square feet of space. Constructed with steel-reinforced concrete slab and concrete stem wall footings for long-term durability and low maintenance. The second floor presents future residential potential, with architectural plans already prepared and subject to City approval-creating meaningful value-add and additional income upside. A strategic opportunity to secure high-visibility Sanibel commercial real estate with both current performance and long-term growth potential. Building currently being repainted & doors replaced on second floor.
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Property Features
- Age: 41-50 Years Old
- Amenities: Water Front
- Floors: 2
- Legal Description: PALM RIDGE BLK E PB 23 PG 57 LOTS 6 + 5
- MLSID: 2026002508
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