A newly developed charge transfer complex (CTC) is explored for colorimetric real-time sensing behavior towards the Fe2+ ion, as a highly selective real-time colorimetric chemosensor material. The synthesized and characterized CTC / P1, [(2HP)+(SA)−] is cheap, remarkably distinctive, and simple to manufacture. Beyond the exposure limitations, iron is also the most common cofactor in enzyme reactions, which is, therefore a crucial part of life. However, too much or not enough iron leads to anemia, liver damage, cancer, Alzheimer's disease, and Parkinson's disease. In this report, unusual sensing capacity has been reported with a relatively low detection limit of 1.247 ppb for Fe2+ ions in aqueous medium, which was lowest at 1.267 ppb in previous reports of CTC sensors. By using a static quenching process, the incredible sensing behavior of this material as a chemosensor was determined. Colorimetric sensing behavior in real-time has also been observed. The complex has been described using a variety of methods, including UV-visible and FTIR spectroscopy. In FTIR spectra, the CTC (P1) showed a change in wavenumber when compared to its reactants. Furthermore, the complex's stoichiometry was measured using UV-visible spectroscopy by taking mixture with an equimolar ratio using the straight-line approach known as the Benesi-Hildebrand equation, which was found to be 1:1. Oscillator strength (f), transition dipole moment (μEN), molar extinction coefficient (εCT), energy of interaction (ECT), and stability constant (KCT) were among the thermodynamic and physical characteristics studied. Van't Hoff's equation was used to compute other parameters such as Gibbs free energy (G°), absorptivity coefficient (ε), Resonance energy (RN), etc. [O+—H……O−] hydrogen bonding was used to depict the interaction between reactants (salicylic acid and 2-hydroxypyridine). The stability of the P1 as a function of temperature is demonstrated through TG/DTA analysis.