About This Home

This 0-bedroom, 0-bathroom commercial at 2440 Palm Ridge Road in Sanibel, FL is listed for $2,700,000. Built in 1980, on a 0.63 acres lot.

Key Features

  • Built in 1980
  • 0.63 acre lot
  • 2 stories
  • Waterfront

Property Details

2 stories
1980

Amenities

WaterfrontA/C
Listing Description

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.

Monthly Cost Estimate

$14,440/mo

20% down · 6.5% · 30 years

Principal$1,953
Interest$11,700
Insurance$788

Estimates only. Actual payments may vary.

Location

2440 Palm Ridge Road

Sanibel, FL 33957

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2440 Palm Ridge Road is listed at $2,700,000. The estimated monthly payment is $14,441 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 0.63 acre lot, 2 stories, Waterfront.

This property is listed by Tina DiCharia.

TD

Tina DiCharia

License 280596822

Agent at Pfeifer Realty Group

Listed by Pfeifer Realty Group · Broker phone: (239) 472-0004 · Broker website

MLS# 2026002508· Source: Florida Gulf Coast Multiple Listing Service, Inc.· 266 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.

2440 Palm Ridge Road, Sanibel, FL 33957

Open this listing in: