2416-2430 Palm Ridge Rd

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 income history, 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 established commercial units, along with two separate garage/storage rentals providing additional income. Several residential units enjoy peaceful lake views, enhancing tenant appeal. The residential component includes seven bedrooms and seven bathrooms, while the 6 commercial spaces are equipped with eight half-bathrooms, allowing for flexible configurations suited to professional, retail, service, or live-work uses. This asset has a proven track record as an income-producing property and has previously been utilized by the City of Sanibel, underscoring its versatility and long-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. Occupancy has 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 stages of Sanibel and Captiva’s resurgence, this property offers a rare opportunity to acquire a stabilized, income-producing asset while positioning for the next chapter of growth, revitalization, and long-term appreciation in one of Southwest Florida’s most iconic island markets.