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2921 S Orlando Drive , 240 & 250

Sanford, FL 32773
  • $840,000
  • STATUS: Active
  • ON SITE: 1207 Days
  • ID#: O5717896
$840,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,712
    SQFT
  • $66
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Description

Spectacular Opportunity! Buy these 2 units together or buy all 4 units for sale. (building size may be increased) Custom Church buildout at only $66.00 per SF. The same Church has been here for 10+ years. The church lease may be cancelled allowing for upgrade. Unit 240, 11,078 sq. ft. is currently leased for $$4,500 per month. Unit 250, 1,634 sq. ft. is currently leased for $1,500 per month. 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 178, 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 2021-10-18T23:42:52.507.
www.cainepremierproperties.com/homes/85187630
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2921 S Orlando Drive , 240 & 250 Sanford, FL 32773

  • Price: $840,000
  • Status: Active
  • ID#: O5717896
0
Beds
0
Baths
0
½ Baths
0.28
Acres
12,712
SQFT
$66
$/SQFT
1965
Built
Neighborhood:
Sanford
County:
Seminole
Area:
Sanford
Property Description
Spectacular Opportunity! Buy these 2 units together or buy all 4 units for sale. (building size may be increased) Custom Church buildout at only $66.00 per SF. The same Church has been here for 10+ years. The church lease may be cancelled allowing for upgrade. Unit 240, 11,078 sq. ft. is currently leased for $$4,500 per month. Unit 250, 1,634 sq. ft. is currently leased for $1,500 per month. 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 178, 240 & 250 have a sprinkler system.
Exterior Features

Construction Materials Stucco Covered Spaces 0 Open Parking YN No Road Frontage Type City Street Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 12712 Cooling Central Air Cooling YN Yes Heating YN Yes

Property Features

Business Type Commercial Flood Zone Code X New Construction Yn No Ownership Condominium Property Sub Type Retail Realtor Info Currently LeasedNo Sign Special Listing Conditions None Tax Annual Amount 6623.37 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 2021-10-18T23:42:52.507.
 
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