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2921 S ORLANDO DRIVE 240 & 250
SANFORD FL 32773 US

$840,000

Active Listing ID O5717896
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12,712 sqft
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Built in 1965
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Lot: 0.28 acre
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Other

$840,000

Active Listing ID O5717896
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2921 S ORLANDO DRIVE 240 & 250 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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Property Features

  • Facts
  • Built in: 1965
  • Lot Size: 0.28 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Exterior Finish: Stucco
  • Roof Type: Unknown
Listing Changed: 9/16/2021 6:08:09 PM GMT
Source Updated Date: 10/17/2021 6:30:01 AM GMT

Courtesy of: Freddie Crespo, INVESTOR'S REAL ESTATE LLC

Listing Source - ListHub

Copyright © 2021 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.