Date
Details
Price
Change
Source
2/08/2026
Listed
$2,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/19
$2,700,000 Just Listed
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1/19
Property Description
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.
Full Property Details
Full Property Details for 2440 Palm Ridge Rd
General
- Price: $2,700,000
- Taxes: (2024)
- Status: Active
- Type: Retail
- Source: Bonita_Springs
- MLS ID: 2026002508
- Updated: 2/8/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Commercial Only
Parking
- Total Spaces: 23
Location
- Area: SI01 - Sanibel Island
- County: Lee
- Building Name: Pelican Place Shopping Center
Heating & Cooling
- Air Conditioning: Yes
Structural Information
- Description/Design: Retail-Commercial: Free Standing Building, Retail-Commercial: Other, Retail-Commercial: Restaurant, Retail-Commercial: Shopping Center
- Stories/Levels: 2
- Stories in Building: 2
- Current Bldg. Use: Business
- Year Built: 1980
Lot Features
- Lot Size (Acres): 0.632
- Lot Size (Sq. Ft.): 27,529
- Lot Size Source: Property Appraiser Office
- Frontage Feet: 173
- Zoning: TCG
Water Features
- Water Front: Yes
- Water Front Desc.: Lake
- Lake Front: Yes
- Canal Width: None
Financial Considerations
- Price Per Acre: $332
- Assoc Fee Freq.: Annually
- Tax Year: 2024
Disclosures and Reports
- Legal Description: PALM RIDGE BLK E PB 23 PG 57 LOTS 6 + 5
- Inclusions: Building And Land
- Property ID: 26-46-22-T2-0030E.0060
Listed by Royal Shell Real Estate, Inc.
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Listing agent
— 2440 Palm Ridge Rd —
Royal Shell Real Estate, Inc.
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Schools
Schools serving 2440 Palm Ridge Rd
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
The Sanibel School 3840 Sanibel Captiva Road, Sanibel, FL 33957 | 6-8 | 2.4 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 13 mi |
South Fort Myers High School 14020 Plantation Road, Fort Myers, FL 33912 | 9-12 | 15.8 mi |
Estero High School 21900 River Ranch Road, Estero, FL 33928 | 9-12 | 17.5 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 17.9 mi |
Bonita Springs High School 25592 Imperial Parkway, Bonita Springs, FL 34135 | 9-12 | 19.9 mi |
Dunbar High School 3800 Edison Avenue, Fort Myers, FL 33916 | 9-12 | 20 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2440 Palm Ridge Rd
Tax History
Tax History for 2440 Palm Ridge Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,862
12%
$3,125,350
16%
2024
$25,869
2%
$2,705,727
-1%
2023
$25,454
31%
$2,732,369
44%
2021
$19,374
-12%
$1,894,811
-20%
2022
$21,917
13%
$2,368,466
172%
2021
$19,374
51%
$870,586
—
2019
$12,846
-15%
$868,324
-14%
2018
$15,160
7%
$1,006,062
9%
2017
$14,191
-2%
$919,187
—
2016
$14,437
-2%
$919,180
—
2015
$14,747
—
$917,484
—
2014
$14,780
-5%
$914,827
-3%
2013
$15,623
—
$947,312
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2440 Palm Ridge Rd
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- Condo
- Active
- Updated 5 days ago
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- 2Total Baths
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- Single Family
- Active
- Updated 18 hours ago
- 3Beds
- 4Total Baths
- 2,884Sq. Ft.
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- Condo
- Active
- Updated 19 hours ago
- 4Beds
- 4Total Baths
- 2,767Sq. Ft.
- Condo
- Active
- Updated 2 days ago
- 1Bed
- 1Total Bath
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- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 900Sq. Ft.
- Mobile Home
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 1,479Sq. Ft.
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- Single Family
- Closed
- Updated 12 days ago
- 3Beds
- 4Total Baths
- 2,642Sq. Ft.
- Single Family
- Closed
- Updated 7 days ago
- 4Beds
- 6Total Baths
- 3,657Sq. Ft.
- Single Family
- Closed
- Updated 14 hours ago
- 4Beds
- 4Total Baths
- 5,140Sq. Ft.
2440 Palm Ridge Rd, Sanibel, FL 33957 (MLS# 2026002508) is a Retail property. 2440 Palm Ridge Rd is currently listed for $2,700,000 and was received on February 08, 2026. Want to learn more about 2440 Palm Ridge Rd? Do you have questions about finding other Retail real estate for sale in Sanibel? You can browse all Sanibel real estate or contact a Coldwell Banker agent to request more information.