2921 S Orlando Drive, Unit 240 & 250Sanford, FL 32773MLS Number O5717896

  • Price: $840,000
  • 1254 Days on Market
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Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
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2921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 327732921 S Orlando Drive Sanford FL 32773
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  • 0.28Acreage
  • 1965Year Built
  • 12,712Square Feet
Spectacular Opportunity! Buy these 2 units together or buy all 3 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.
Listing Courtesy of INVESTOR'S REAL ESTATE LLC

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Location Information

  • Road FrontageCity Street

Basic Information

  • Property SubTypeRetail
  • Unit Number240 & 250
  • Virtual TourView Tour

Property

  • Business Type Commercial
  • Living Area 12712
  • ZoningGC2

Property Information

  • Acreage0.28
  • Construction Materials Stucco
  • Lot Size Square Feet 12,388
  • MFR Total Acreage Non-Applicable
  • Number Of Lots 2
  • Square Feet12,712

Basic Information

  • List Price$840,000
  • MLS NumberO5717896
  • Mls Status Active
  • StatusACT

Building

  • Building Area Source Public Records
  • Garage Spaces
  • MFR Complex Community Name NCCB Sanford Plaza
  • Year Built1965

Utilities

  • Cooling Central Air
  • Sewer Public Sewer
  • Utilities Electricity Available
  • Water Source Public

Tax Information

  • Tax Year 2020
  • Taxes$7,784

Location

  • Address2921 S Orlando Drive
  • AreaSanford
  • Building Number2921
  • CountySeminole
  • Directions 17-92 north from lake mary blvd. Make right after 417.
  • Leasable Area 12712
  • StateFL
  • StreetOrlando
  • TownSanford
  • Township 20
  • Zip32773

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Other

  • Date Listed06/29/2018
  • Gross Scheduled Income $78,981
  • MFR Annual Income Type Actual
  • MFR Flood Zone Code X
  • MFR Flood Zone Date 2007-09-28
  • View Count72
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
9145 Narcoossee Road
Orlando, FL 32827

Based on information submitted to MFRMLS as of December 4, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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