2921 S Orlando Drive #240 & 250
SANFORD, FL 32773

Description

Spectacular Opportunity! Buy these 2 units together or buy all 8 units for sale. (building size may be increased) Custom Church buildout at only $62.15 per SF. The same Church has been here for 8+ years. The church lease may be cancelled allowing for upgrade. Unit 240, 11,078 sq. ft. Unit 250, 1,634 sq. ft. Unit 260 is vacant land-cell tower lease, EZ to add 7,000+ SF. of new building, additional land price of $50,000. Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, DCF (subcontractor-CBC) & Citi Trends. CBC generates traffic from thousands of family-oriented customers weekly as it is the largest family services in central Florida, servicing 3 counties. Pipe Dreams & the Beauty Salon have been in the plaza since it was remodeled around 1997. The Ambassador Church has been there for over 10 years. They also had a contract to purchase the building for 1 million plus. Most tenants would like a longer lease but the rents are low & will increase so we will only negotiate longer leases if a buyer has a contract subject to said longer leases. The only expenses not covered by the condo association dues which have been consistent at $1.15 per square foot for years with well over a $100,000 reserve, are the roof & HVAC. The leases typically require the tenants to cover the majority of the HVAC expenses.The entire plaza is approx 155,000 Sqft, located on 14 +/- acres. The Sanford Plaza has good traffic & great visibility to the (417). Unit 180, 240 &250 have a sprinkler system.

Details

MLS#O5717896
StyleIndustrial
Sub-TypeResale
StatusActive
Year1965
Days On Site262

Features

SQ Feet12,712
Story(s)1
ZoningGC2

Market Activity 32773

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Area Information

StateFL
CountySeminole
CitySANFORD
Zip Code32773
Area32773 - Sanford
Listing VS Median (in 32773)
Price:
$790,000
low | high
Med:
$205,000
100% of Average
SqFt:
12,712
low | high
Med:
1,471
100% of Average
$ / SqFt:
$62
low | high
Med:
$139
74.247691658994% of Average
On Site:
262
low | high
Med:
318
82.389937106918% of Average
Listing Updated: 03/16/2019
MLS Number: O5717896
Listing Provided By:
Freddie Crespo  of  INVESTORS REAL ESTATE LLC

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