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$2,700,000

2440 Palm Ridge Rd

Sanibel, FL
Active
0.63
Lot Size (acres)
1980
Year Built
237
Days On Market

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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Listing Information

Listing Updated
08/21/2026
Listed By
Tina DiCharia, 2393405636 · Pfeifer Realty Group LLC, 2394720004
MLS#
2026002508
Source
Florida Gulf Coast Multiple Listing Service
Status
Active

Facts & Features

Location

Community Information

Address
2440 Palm Ridge Rd, Sanibel, FL 33957
City
Sanibel
County
Lee
Zip Code
33957

Architecture

Stories
2
Year Built
1980
Garage Spaces
0

Property Features

Lot Size
0.63 Acres
Lot Features
Waterfront
Zoning
TCG

Tax & Financial Information

List Price
$2,700,000
Annual Taxes
$25,869

Schools

74/100
The Sanibel School
Elementary · Grades PK–08 · 2.4 mi
City
Sanibel
Students
289
Parent reviews
5.0★ avg · 1 review
Student body
82% White · 11% Hispanic / Latino · 4% Two or More Races
Free/reduced lunch
12%
Phone
(239) 472-1617

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
02/08/2026Listed for sale$2,700,000

Listed by Tina DiCharia · Pfeifer Realty Group LLC · 2394720004


IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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