1121 Sanford AveSanford, FL 32771

Property Details for 1121 Sanford Ave

Lot size

0.15 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

25-19-30-5AG-130A-0100

APU

2519305AG130A0100

Description

This exceptional 0.57-acre property in Downtown Sanford, Florida (32771), presents a unique investment opportunity. Located at 1121 Sanford Ave, this mixed-use site boasts three buildings totaling 5,200 square feet of net rentable space, including a 1,520-square-foot office and a 3,680-square-foot warehouse. The property features 12-foot high overhead roll-up doors and 20-foot ceiling height at the building's center, along with three-phase electric service. Built in 1947, the single-story structures sit on four parcels and are currently vacant, with an occupancy date of August 19, 2024. The GC2 zoning permits a variety of uses, including auto repair, manufacturing, and automobile sales, making it ideal for diverse business ventures. The asking price is $589,000, or $294,500 per unit, representing a price per square foot of $113.27. This prime location in Sanford's Historic District offers high visibility and blends historic charm with modern business needs. The property is offered fee simple. A video walkthrough is available online.

• CAP approach

  CAP return

  Valuation

  6%

  $1,601,435

  6.5%

  $1,478,248

  7%

  $1,372,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,800,369

  Geo Method

  $1,800,369

• Alternative Use

  Use

  Valuation

  Residential

  $1,246,958

  Hospitality

  $1,142,206

  Educational

  $950,302

  Medical

  $982,985

  Retail

  $1,478,248

Location Insight

City

Sanford

County

Seminole

State

Florida

Latitude

28.8019

Longitude

-81.2646

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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