For Sale
$1,150,000

106 Magnolia AveSanford, FL 32771

Historic Downtown Sanford, High-Income Potential

Overview

Added:
Feb 3
Days on market:
60
This exceptional mixed-use property, located at 106 Magnolia Avenue in the heart of Sanford's historic district, presents a unique investment opportunity. Situated on a 0.05-acre lot in Magnolia Square, between 1st and 2nd Streets, this 3,952 square foot building boasts a strong rental history with long-term tenants, ensuring consistent income generation. The property's prime location benefits from the vibrant activity of Magnolia Square, including a weekly farmer's market and numerous city-sponsored events throughout the year. The building is zoned SC3, offering considerable flexibility for a variety of commercial uses. Recent improvements significantly enhance the property's appeal and longevity. These upgrades include fresh exterior paint, new doors, a newly installed awning, and a brand-new roof completed in February 2024. This turnkey investment is ready for immediate income generation and offers significant potential for future appreciation in this rapidly growing area. The property's strong rental history and versatile zoning make it an ideal addition to any investment portfolio. The combination of location, recent renovations, and flexible zoning makes this a truly exceptional opportunity in the thriving Sanford market. Don't miss your chance to own a piece of Sanford's rich history and vibrant future. The asking price is $1,150,000.

Property Details for 106 Magnolia Ave

Property type
Mixed-use properties
Square Feet
3,952 SF
Year Built
1920
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.81139
Longitude
-81.26714
106 Magnolia Ave, Sanford, Florida

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106 Magnolia Ave
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