2440 Palm Ridge Road Sanibel, FL $ 2,700,000
2440 Palm Ridge Road
$ 2,700,000
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2440 Palm Ridge Road

Sanibel, FL, 33957
$ 2,700,000
Bedrooms-- Baths--

Monthly Estimate*

$ 16,624

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Commercial Property for sale in Sanibel, FL

for $2,700,000. This building was built in 1980 on a lot size of 0.632.

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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Commercial Active

Price

$ 2,700,000

Property Type

Commercial

Taxes

$ 25,869

Style

Retail

Lot Size

0.632

Year Built

1980

Town/City

Sanibel

County/Region

Lee

MLS | Web ID

2026002508

Features
General
HOA Fee 0.0
Year Built 1980
Property Subtype Retail
Tax Year 2024
Current Use Commercial Retail
Business Type Other Restaurant
Waterfront Features Lake
Building Name Pelican Place Shopping Center
HOA Fee 2 0.0
County Lee
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Status Active
City Sanibel
Land Lease Amount 0.0
Senior Community Y/N N
Zoning Description TCG
MLS Area SI01 - Sanibel Island
Lot Size Units Acres
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 25869.37
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026002508
Standard Status Active
Property Sub Type Additional Retail Commercial
Legal Description PALM RIDGE BLK E PB 23 PG 57 LOTS 6 + 5
HOA Fee 3 0.0
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Exterior
Lot Size Area 0.632
Horses N
Spa N
Irrigation/Water Rights N
Lot Size Acres 0.632
Private Pool N
Lot Size Source Appraiser
Waterfront Y/N Y
Covered Spaces 0.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
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* Excluded Features
List By
Tina DiCharia

Listing Agent

Royal Shell Real Estate, Inc.

Broker

trdicharia@gmail.com

Email

Affordability Calculator

$18,780
Per Month
89%
11%
0%
Monthly Principal & Interest
$16,624
Monthly Property Taxes
$2,156
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1023546 Elementary School
1023297 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/8/2026$2,700,000 Listed Price

Map


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2440 Palm Ridge Road, Sanibel, FL, 33957 is a Commercial Property for sale at $2,700,000 with a lot size of 0.632. 2440 Palm Ridge Road was built in 1980. The property's zip code is 33957 which is in Sanibel, FL