106 Magnolia AveSanford, FL 32771

Property Details for 106 Magnolia Ave

Year built

1920

Construction

CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

3,952 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25-19-30-5AG-0303-001A

APU

2519305AG0303001A

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $988,886

  6.5%

  $912,818

  7%

  $847,617

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,728

  Geo Method

  $1,111,728

• Alternative Use

  Use

  Valuation

  Residential

  $769,996

  Hospitality

  $705,312

  Educational

  $586,812

  Medical

  $606,993

  Retail

  $912,818

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.8113

Longitude

-81.2672

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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