2430 Palm Ridge Rd 2426,Sanibel, FL 33957
Sanibel, FL 33957
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.
Details
| MLS # | 2026018701 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 95 |
| Listing Provided By | Royal Shell Real Estate, Inc. | Michael McMurray |
Features
| Story(s) | 2 |
|---|---|
| Zoning | TCG |
| Acreage | 0.99 |
| Water Front | Yes |
Taxes
| Tax Annual Amount | 3827.54 |
|---|
Area Information
| State | FL |
|---|---|
| County | Lee |
| City | Sanibel |
| Zip Code | 33957 |
| Area | SI01 Sanibel Island |
| Listing VS Median (in 33957) | |
Price: $2,989,000 low | high Med: $980,000 On site: 95 low | high Med: 177 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | Sanibel |
| Zip Code | 33957 |
| Area | SI01 Sanibel Island |
| Listing VS Median (in 33957) | |
Price: $2,989,000 low | high Med: $980,000 On site: 95 low | high Med: 177 | |