About this home
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.
Listing last checked: Listing updated:
Listed by Tina DiCharia · Pfeifer Realty Group LLC · MLS #2026002508
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Details at a glance
Building2 property facts
- Style
- Retail
- Year built
- 1980
Land & utilities2 property facts
- Lot size
- 0.632 acres
- Waterfront
- Y
Financial3 property facts
- Annual taxes
- $25,869
- Assessment year
- 2024
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $2,700,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$15,808 / monthAdjust
- Principal & interest
- $13,653
- Property tax
- $2,156
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $25,869. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 2440 Palm Ridge Road
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