125 Monroe RdSanford, FL 32771

Property Details for 125 Monroe Rd

Year built

1960

Construction

CONCRETE BLOCKS

Lot size

0.26 AC

Property size (Sq ft)

1,710 SF

Property type

Retail space

APN

28-19-30-503-0000-0110

APU

28193050300000110

Description

This 1,710 square foot freestanding retail building presents a compelling investment opportunity in the thriving Sanford, Florida market. Located at 125 Monroe Rd, this property boasts excellent visibility and accessibility, situated on a 0.26-acre lot with significant road frontage on US Highway 17, a thoroughfare with approximately 9,000 cars daily. The adjacent State Road 46 sees over 35,000 vehicles daily, further enhancing the property's exposure. Built in 1960, the single-story building is zoned C-1 and offers multiple entrances for convenient customer access. Exterior bathrooms maximize interior space. The property's strategic location offers easy access to the Seminole Town Center retail hub, and is just 3.5 miles from historic downtown Sanford, a rapidly expanding area with significant retail and residential development. Its proximity to I-4 and the SunRail commuter rail system provides exceptional convenience for both employees and customers. The asking price is $650,000, translating to $380.12 per square foot. The property's potential is further enhanced by the possibility of combining it with adjacent land (APN: 28193050300000110). This vacant building is ideal for a variety of retail uses, including convenience stores and restaurants.

• CAP approach

  CAP return

  Valuation

  6%

  $427,884

  6.5%

  $394,969

  7%

  $366,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $481,036

  Geo Method

  $481,036

• Alternative Use

  Use

  Valuation

  Residential

  $333,171

  Hospitality

  $305,183

  Educational

  $253,909

  Medical

  $262,641

  Retail

  $394,969

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.8125

Longitude

-81.3224

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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