Discover an exceptional investment opportunity in the heart of Sanford, Florida. This well-positioned retail center offers a compelling blend of steady income and significant upside potential, making it an ideal addition to any savvy investor's portfolio. This retail center represents a rare find in today's market - a stabilized asset with clear pathways to value appreciation. The current below-market rents provide an immediate opportunity to boost returns as leases roll over within the next year. Savvy investors will recognize the potential to not only secure a reliable income stream but also to significantly increase the property's value through proactive management and strategic upgrades. The strong Sanford location ensures continued demand for retail space.

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Location Information

Road Frontage["City Street"]

Basic Information

Property SubTypeRetail
Virtual TourView Tour

Property

ZoningGC2

Utilities

Cooling Wall/Window Unit(s)

Water Body

MFR Water Access YN No
MFR Water View YN No

Other

Date Listed08/27/2024
MFR Flood Zone Code X
View Count3

Basic Information

List Price$1,250,000
MLS NumberO6236279
Mls Status Active
StatusACT

Building

Building Area Source Public Records
RoofBuilt-Up
Year Built1957

Property Information

Acreage0.72
Construction Materials Concrete, Wood Siding
Lot Size Square Feet 31,363
MFR Total Acreage 1/2 to less than 1
Square Feet10,623

Tax Information

Tax Year 2023
Taxes$8,845

Location

Address2563 Park Drive
AreaSanford
Building Number2563
CountySeminole
StateFL
StreetPark Drive
Subdivision504
TownSanford
Township 20
Zip32773

Legal

Listing Agreement Exclusive Right To Sell
Parcel Number 01-20-30-504-0600-0010
Tax Legal Description LOTS 1 2 6 7 + 8 BLK 6 DREAMWOLD PB 4 PG 30

Based on information submitted to StellarMLS as of September 17, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. 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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2563 Park DriveSanford, FL 32773MLS Number O6236279

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