Listings

Sanibel, FL 33957 2440 Palm Ridge Road

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Presented By: Royal Shell Real Estate, Inc.
  • MLS# 2026002508
  • 02/08/2026
  • Request Tour
  • Request Info

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

Cindy Gonzalez

Price $2,700,000
MLS#2026002508
List Date 02/08/2026
Property Type Commercial
Phone 239.243.2743
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