Call us to schedule a showing for this property, 727-585-0800.
2921
S
Orlando Drive 240 & 250,
Sanford,
Florida
FL
32773-4104
Sold For: $840,000
Listing ID O5717896
Status Closed
7/11/2022 Sold Date
12,712 SqFt
0.280 Acres
Property Description:
Spectacular Opportunity! Buy these 2 units together or buy all 3 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. is currently leased for $$4,500 per month. Unit 250, 1,634 sq. ft. is currently leased for $1,500 per month. 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.
Primary Features
County:
Seminole
Price Before Reduction:
1600000
Price Reduction Date:
2021-02-25T16:23:44+00:00
Property Sub Type:
Retail
Property Type:
Commercial Sale
Year Built:
1965
Zoning:
GC2
Interior
Building Area Units:
Square Feet
Cooling Type:
Central Air
Living Area Meters:
1180.98
External
Construction Materials:
Stucco
Lot Size SqFt:
12388
Lot Size Square Meters:
1151
Road Frontage Type:
City Street
Sewer:
Public Sewer
Total Acreage:
Non-Applicable
Total Number of Buildings:
1
Utilities:
Electricity Available
Water Access:
no
Water Extras:
no
Water Source:
Public
Water View:
no
Waterfront:
no
Location
Building Area Source:
Public Records
Building Area Total:
12712
Complex Community Name NCCB:
SANFORD PLAZA
Complex Development Name:
SANFORD PLAZA
Country:
US
Flood Zone Code:
X
Flood Zone Panel:
12117C0070F
MLS Area Major:
32773 - Sanford
Number Of Lots:
2
Township:
20
Financial
Annual Income Type:
Actual
Com Transaction Type:
Commercial Sale
Current Price:
840000.00
Gross Scheduled Income:
78981
Leasable Area:
12712
Net Operating Income:
49596
Special Listing Conditions:
None
Tax Annual Amount:
7784.54
Tax Block:
05
Tax Book Number:
5242-581
Tax Lot:
05
Tax Year:
2020
Zoning Info
Listing information ©My Florida Regional MLS DBA Stellar MLS 2024. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties displayed may be listed or sold by various participants in the MLS. Data last updated on Tuesday, April 16th, 2024 at 03:15:14 PM.
Contact - Listing ID O5717896
PropCo Real Estate
2401 W. Bay Drive #305
Largo, FL 33770
Phone: 727-585-0800
Phone Alt: 888-499-5454
Data services provided by IDX Broker
