Ad #7893412
MLS #2026018701
Exceptional mixed-use investment opportunity in the heart of
2430 Palm Ridge Rd 2426, Sanibel, Florida, 33957
$2,989,000
--Beds
--Baths
--Sqft
0.990Acres
About this property
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.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1972
0.990 Acres
2 Stories
(private lake, pond, coastal)
On Waterfront
$3,828 / yr property tax
Lee County
Additional Photos
Contact Information
Michael McMurray
Royal Shell Real Estate, Inc.
239-850-7888
Location
LakeHouse.com
Printed Jul 27, 2026
Photo Gallery
$2,989,000
--
Beds
--
Baths
--
Sqft
2430 Palm Ridge Rd 2426, Sanibel, Florida, 33957
By contacting this agent you agree to these Terms and Conditions.
MLS# 2026018701
Exceptional mixed-use investment opportunity in the heart of
$2,989,000
2430 Palm Ridge Rd 2426, Sanibel, Florida, 33957
--
Beds
--
Baths
--
Sqft
0.990
Acres
$2,989,000
2430 Palm Ridge Rd 2426, Sanibel, Florida, 33957
-- Beds
-- Baths
-- Sqft
0.990 Acres
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.
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Contact Information
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Listing Agent
Michael McMurray
Royal Shell Real Estate, Inc.
Listing Agent: Michael McMurray (License #: 280500145) 239-850-7888. Broker: Royal Shell Real Estate, Inc. 239-689-7653 Listing Site. Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1972
0.990 Acres
2 Stories
WATER & VIEW
(private lake, pond, coastal)
On Waterfront
FINANCIAL & COMMUNITY
$3,828 / yr property tax
Lee County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7893412
Viewed
19 times
Listing Status
Active
Added
Jul 06, 2026
Last Refresh
Jul 27, 2026 08:28:30 AM
Listing Information
Data Source
Florida Gulf Coast Multiple Listing Service, Inc.
Source Property ID
2026018701
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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