For Sale
$2,750,000

Seminole Blvd. And Mangoustine Ave Sanford, FL 32771

5.47 Acres, 105 Units Approved

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 5.47-acre commercial land parcel presents a remarkable investment opportunity in Sanford, Florida. Located in the vibrant Waterfront Downtown Business District, this property boasts stunning views of Lake Monroe and is approved for the construction of a 105-unit multi-family residential development. The RMOI zoning (Multi-Family Residential/Office/Institutional) allows for diverse development options. Its strategic location offers unparalleled convenience, situated next to HCA Florida Lake Monroe Hospital, a significant source of potential tenants. The property enjoys high visibility and accessibility, less than half a mile from the heavily trafficked West 1st Street/US Hwy 17-92 (24,500 AADT), and just one mile from the Sanford SunRail station, providing excellent public transportation access. This prime location offers a compelling combination of residential demand, medical proximity, and convenient transportation links, making it an ideal site for a thriving multi-family development. The asking price is $2,750,000. This is a rare opportunity to acquire a large, well-located parcel in a rapidly growing area with significant development potential. Don't miss out on this chance to capitalize on the thriving Sanford market.

Highlights

  • $2,750,000 asking price for 5.47 acres of commercial land.
  • Located in Sanford, FL's Waterfront Downtown Business District, overlooking Lake Monroe.
  • Approved for a 105-unit multifamily development; RMOI zoning.
  • Adjacent to HCA Florida Lake Monroe Hospital, offering strong tenant potential.
  • Less than 0.5 miles from US Hwy 17-92 (24,500 AADT) and 1 mile from the Sanford SunRail station.

Property Details for 0 Seminole Blvd. And Mangoustine Ave

Property type
Land
Lot Size (sq. ft)
238,273 SF

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.8161495
Longitude
-81.2826537

FAQs

What type of property is this?
Land - 5.47 Acres, 105 Units Approved
Where is the land located?
The property is located at Seminole Blvd. And Mangoustine Ave Sanford, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: $2,750,000 asking price for 5.47 acres of commercial land.; Located in Sanford, FL's Waterfront Downtown Business District, overlooking Lake Monroe.; Approved for a 105-unit multifamily development; RMOI zoning.
How can I contact the broker?
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0 Seminole Blvd. And Mangoustine Ave
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