Sanibel, FL 33957 2440 Palm Ridge Road
$2,700,000



14 more














Presented By: Royal Shell Real Estate, Inc.
Home Details
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.
Presented By: Royal Shell Real Estate, Inc.
Interior Features for 2440 Palm Ridge Road
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories2
General for 2440 Palm Ridge Road
Building NamePelican Place Shopping Center
Business TypeOther, Restaurant
CitySanibel
CountyLee
Current UseCommercial, Retail
HOA Fee$
HOA Fee 2
HOA Fee 3
Land Lease Amount
Lease Considered Y/NNo
Legal DescriptionPALM RIDGE BLK E PB 23 PG 57 LOTS 6 + 5
Lot Size UnitsAcres
MLS AreaSI01 - Sanibel Island
PostalCitySanibel
Property ConditionResale
Property Sub Type AdditionalRetail, Commercial
Property SubtypeRetail
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Tax Annual Amount25869.37
Tax Year2024
Virtual TourClick here
Waterfront FeaturesLake
Year Built1980
Zoning DescriptionTCG
Exterior for 2440 Palm Ridge Road
Covered Spaces
Lot Size Acres0.632
Lot Size Area0.632
Lot Size SourceAppraiser
Waterfront Y/NYes
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Anibal Torres
Realtor®
