About This Home

This 0-bedroom, 0-bathroom commercial at 2430 Palm Ridge Road #2426 in Sanibel, FL is listed for $2,989,000. Built in 1972, on a 0.99 acres lot.

Key Features

  • Built in 1972
  • 0.99 acre lot
  • 2 stories
  • Waterfront

Property Details

2 stories
#2426
1972

Amenities

WaterfrontA/C
Listing 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 prope

rty 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.

Monthly Cost Estimate

$15,986/mo

20% down · 6.5% · 30 years

Principal$2,162
Interest$12,952
Insurance$872

Estimates only. Actual payments may vary.

Location

2430 Palm Ridge Road #2426

Sanibel, FL 33957

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2430 Palm Ridge Road is listed at $2,989,000. The estimated monthly payment is $15,986 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.99 acre lot, 2 stories, Waterfront.

This property is listed by Michael McMurray.

MM

Michael McMurray

License 280500145

Agent at Royal Shell Real Estate, Inc.

Listed by Royal Shell Real Estate, Inc. · Broker phone: (239) 689-7653 · Broker website

MLS# 2026018701· Source: Florida Gulf Coast Multiple Listing Service, Inc.· 113 days on PropertySimple

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.

2430 Palm Ridge Road #2426, Sanibel, FL 33957

Open this listing in: