Address
2921 S ORLANDO DRIVE #240 & 250 Sanford, FL
Price
$ 1,600,000
Property Attributes
  • MLS#O5717896
  • TypeCommercial
  • CountySEMINOLE
  • CitySanford
  • AreaSanford
  • NeighborhoodSanford Plaza
  • Zip32773
  • StyleRetail
  • Year Built1965
  • Taxes6392
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12712
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
INVESTOR'S REAL ESTATE LLC
Property Description

Spectacular Opportunity! Buy these 2 units together or buy all 5 units for sale. (building size may be increased) Custom Church buildout at only $66.00 per SF. The same Church has been here for 10+ years. The church lease may be cancelled allowing for upgrade. Unit 240, 11,078 sq. ft. Unit 250, 1,634 sq. ft. Unit 260 is vacant land-cell tower lease, EZ to add 7,000+ SF. of new building, additional land price of $50,000. Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, DCF (subcontractor-CBC) & Citi Trends. CBC generates traffic from thousands of family-oriented customers weekly as it is the largest family services in central Florida, servicing 3 counties. Pipe Dreams & the Beauty Salon have been in the plaza since it was remodeled around 1997. The Ambassador Church has been there for over 10 years. They also had a contract to purchase the building for 1 million plus. Most tenants would like a longer lease but the rents are low & will increase so we will only negotiate longer leases if a buyer has a contract subject to said longer leases. The only expenses not covered by the condo association dues which have been consistent at $1.15 per square foot for years with well over a $100,000 reserve, are the roof & HVAC. The leases typically require the tenants to cover the majority of the HVAC expenses.The entire plaza is approx 155,000 Sqft, located on 14 +/- acres. The Sanford Plaza has good traffic & great visibility to the (417). Unit 178, 240 &250 have a sprinkler system.

Price History
2/2/2020 Listed $950,000
8/13/2020 29% - $678,000

General Features

Additional Parcels Y/N Yes
Business Type Commercial
Complex Development Name SANFORD PLAZA
Construction Materials Stucco
Cooling Central Air
MLS Area 32773 - Sanford
Property SubType Retail
Property Type Commercial
Special Listing Conditions None
Status Active
Total Num Buildings 1
Township 20
Unit Number 240 & 250
Year Built 1965
Zoning GC2

Interior Features

Living Area 12712.00

Exterior Features

Building Area Total 12712.00
Lot Size Acres 0.28
Lot Size Square Feet 12388
Number of Lots 2
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32773

Price
AVG $360K
$1.6M
Taxes
AVG $18,742
$6,392
Visits
AVG 105
81
Year Built
AVG 1981
1965
Walkscore
AVG 39
50
Data Provided by Walkscore ® not using MLS data

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