400 Sanford AveSanford, FL 32771

  • Industrial properties
  • 4,483 SF
For Sale
$1,662,860 View listing

Property Details for 400 Sanford Ave

Year built
1935
Construction
CONCRETE
Lot size
0.12 AC
Property size (Sq ft)
4,483 SF
Property type
Industrial properties
Property subtype
Distribution centers
APN
25-19-30-5AG-0601-0010
APU
2519305AG06010010

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving, family-friendly restaurant and brewery in the heart of Downtown Sanford, Florida. The property boasts 4,483 square feet on a 0.12-acre lot, situated at 400 Sanford Ave, 32771. Built in 1935 and extensively renovated in 2016, this single-story building operates under a 20-year absolute NNN lease with a 7.00% cap rate and a strong NOI of $116,400. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The tenant, a well-established local brewery with a second location and statewide distribution, provides exceptional stability and potential for appreciation. The property is zoned SC3 and features state-of-the-art brewery equipment. This sale-leaseback offers a passive income stream with minimal landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The prime downtown location guarantees high foot traffic and visibility, contributing to the tenant's continued success. The asking price is $1,662,860, translating to $370.93 per square foot. This is a rare opportunity to acquire a turn-key, high-performing asset in a desirable Florida market. The property's APN is 25-19-30-5AG-0601-0010.

400 Sanford Ave, Sanford, Florida

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.8089
Longitude
-81.2652
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,913
-
-
$276,669
-
$54,916
$221,753
$276,669

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