2400 Palm Ridge Rd Palm Ridge RD SANIBEL, FL 33957

About This Property

Now known as RE/MAX Center of the Islands (formerly Palm Ridge Plaza). A new owner can easily change the name of the center. The center contains approximately 6,000 S.F. of ground level commercial floor area that is currently configured as 3 spaces: Units C1 & C2 each contain 750 SF +- (total 1,500+-) ; C3 = 1,300 SF+-; C4 = 1,700 SF+-; C5 & C6 each contain 750 SF+- (total 1,500+-). There are 6 – 1 bedroom, 1 bath residential units on the upper levels of the 2 story portions at each corner of the center. Each of the apartments contain 500+- S.F. of living area totaling 3,000 S.F. The total approximate floor area of the mixed use center is 9,000 S.F. (See the property appraiser’s records indicating a total of approximately 8,991 S.F.). Features: new blue metal roof on 2 story areas in 2018; new flat roof in 4/23; Apt.R1 conveys furnished; all apts. convey w/appliances; build-back registration on file w/Sanibel city. Attachements mentioned here and indepth information available through your Realtor. Easily viewed with appointment.

infoProperty Details

Property Type: Multi-Family: 5+ Units,Retail-Commercial: Other,Retail-Commercial: Shopping Center
Year Built: 1974
Lot Size: 0.70 acres
Days on Market: 18
Cumulative DOM: 54
List Date: May 15, 2023
Sold Date: Jul 7, 2023
Annual Taxes: $29K (2022)

chairInterior Features

Cooling

12 New systems installed 3-2023

Heating

Central

yardExterior & Lot

Waterfront

LagoonMangrove

$2,350,000