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2921 S Orlando Drive , #178

Sanford, FL 32773
  • $369,000
  • STATUS: Active
  • ON SITE: 1084 days
  • MLS #: O5717886
UPDATED: 2 min ago
$369,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,100
    SQFT
  • $72
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Description

Spectacular Opportunity! Buy this unit separately or buy all 4 units for sale. This unit is a below market price and leased at $2500 per mo. Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, Department of Children & Family Services (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. 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 Greenway (417). The roof is mostly foam covered with small river rock, which protects from UV rays & adds a tremendous amount of insulation with high ceilings. Unit 180, 240 & 250 have a sprinkler system.

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© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-18T13:41:58.933.
www.searchsarasotahomes.com/homes/85183956
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2921 S Orlando Drive , #178 Sanford, FL 32773

  • Price: $369,000
  • Status: Active
  • Updated: 2 min ago
  • MLS #: O5717886
0
Beds
0
Baths
0
½ Baths
0.11
Acres
5,100
SQFT
$72
$/SQFT
1965
Built
Neighborhood:
Sanford
County:
Seminole
Area:
Sanford
Property Description
Spectacular Opportunity! Buy this unit separately or buy all 4 units for sale. This unit is a below market price and leased at $2500 per mo. Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, Department of Children & Family Services (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. 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 Greenway (417). The roof is mostly foam covered with small river rock, which protects from UV rays & adds a tremendous amount of insulation with high ceilings. Unit 180, 240 & 250 have a sprinkler system.
Exterior Features

Construction Materials Stucco Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling Central Air

Property Features

Additional Parcels Yn No Business Type Commercial Flood Zone Code X Net Operating Income 20592 New Construction Yn No Property Sub Type Retail Special Listing Conditions None Tax Annual Amount 3624.22 Tax Year 2020 Total Num Buildings 1 Zoning Gc2


Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Investor's Real Estate Llc.



© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-18T13:41:58.933.
 
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