1001 1St StSanford, FL 32771

Property Details for 1001 1St St

Year built

1971

Construction

CONCRETE BLOCKS

Lot size

0.61 AC

Property size (Sq ft)

18,064 SF

Property type

Office buildings

APN

30-19-31-507-0L00-0010

APU

3019315070L000010

Description

This exceptional redevelopment opportunity presents two buildings totaling 1,952 square feet situated on a prime corner lot in Sanford, Florida. The property, located at 1001 W 1st St, boasts three convenient access points, ensuring high visibility and accessibility for any future business. Currently vacant, this mixed-use property offers significant potential for a variety of commercial ventures. The zoning is General Commercial, allowing for flexibility in development plans. The lot size ranges from 0.75 to 0.9 acres, providing ample space for expansion or additional construction. The asking price is $850,000, translating to $435.45 per square foot. The property's location near the rapidly growing Historic Downtown Sanford offers excellent potential for high foot traffic and strong tenant demand. This is an ideal investment for those seeking a high-visibility location with redevelopment potential in a thriving area. The property includes two buildings, each one story, and features a convenient store, pharmacy/drug store, and storefront subtype. The APN is 19-30-25-5AG-0Z00-0010. This is a rare opportunity to acquire a significant commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,074,865

  6.5%

  $2,838,337

  7%

  $2,635,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,016,484

  Geo Method

  $2,016,484

• Alternative Use

  Use

  Valuation

  Residential

  $3,519,538

  Hospitality

  $3,223,878

  Educational

  $2,682,228

  Medical

  $2,774,474

  Retail

  $4,172,355

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.8112

Longitude

-81.2581

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].