Address
2921 S ORLANDO DRIVE #178 Sanford, FL
Price
$ 430,000
Property Attributes
  • MLS#O5717886
  • TypeCommercial
  • CountySEMINOLE
  • CitySanford
  • AreaSanford
  • Zip32773
  • StyleRetail
  • Year Built1965
  • Taxes$ 3624
  • Price$ 430,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5100
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
INVESTOR'S REAL ESTATE LLC
Data Source:
Stellar MLS
Property Description

Spectacular Opportunity! Buy this unit separately or buy all 4 units for sale. This unit is a below market price and leased at $5,000 per mo. Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, Department of Children & Family Services (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. 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 Greenway (417). The roof is mostly foam covered with small river rock, which protects from UV rays & adds a tremendous amount of insulation with high ceilings. Unit 180, 240 & 250 have a sprinkler system.

Price History
4/25/2021 Listed $369,000

General Features

Additional Parcels Y/N No
Building Area Units Square Feet
Business Type Commercial
City SANFORD
Construction Materials Stucco
Cooling Central Air
County Seminole
Days on Market 1138
Directions 17-92 north from lake mary Blvd. Make right after 417.
Leasable Area 5100
Levels One
MLS Area 32773 - Sanford
Net Operating Income 50510
New Construction No
Ownership Condominium
Property SubType Retail
Property Type Commercial Sale
Standard Status Active
Status Active
Street Name ORLANDO
Tax Annual Amount 3624.22
Tax Lot 05
Tax Year 2020
Total Number of Buildings 1
Township 20
Unit Number 178
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O5717886
Water Access YN No
Year Built 1965
Zoning GC2

Interior Features

Flood Zone Code Zone X
Living Area 5100
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix DRIVE
Total Stories 1

Exterior Features

Building Area Total 5100
Lot Size Acres 0.11
Lot Size Square Feet 4950
Road Frontage Type City Street
Water Extras YN No
Water View YN No
Waterfront Y/N No

Amenities

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

Property vs Commercial Average in 32773

Price
AVG $1.03M
$430K
Taxes
AVG $4,809
$3,624
Visits
AVG 353
538
Year Built
AVG 1966
1965
Walkscore
AVG 46
50
Data Provided by Walkscore ® not using MLS data

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