2921 S Orlando Drive #134,138,140, 142,124,1825
SANFORD, FL 32773

$1,321,000

Description

Dreams do Come True! Buy these 7 units together or buy them seperately. (building size can be increased) Unit 240/250 The same Chrch has been here for 8+ years. The chrch lease may be cancelled allowing for upgrade. 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 Chrch 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 178 aka (180), 240 &250 have a sprinkler system. Land, Site, and Tax Information

Details

MLS#O5750704
StyleIndustrial
Sub-TypeResale
StatusActive
Year1965
Days On Site227

Features

SQ Feet24,312
Story(s)1
ZoningGC2

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Area Information

StateFL
CountySeminole
CitySANFORD
Zip Code32773
Area32773 - Sanford
Listing VS Median (in 32773)
Price:
$1,321,000
low | high
Med:
$213,700
100% of Average
SqFt:
24,312
low | high
Med:
1,328
100% of Average
$ / SqFt:
$54
low | high
Med:
$161
100% of Average
On Site:
227
low | high
Med:
46
100% of Average
Listing Updated: 07/19/2019
MLS Number: O5750704
Listing Provided By:
Freddie Crespo  of  INVESTORS REAL ESTATE LLC

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