2921 S Orlando Drive 240 & 250, Sanford, FL 32773
sale $840,000 | Retail
Courtesy Of INVESTORS REAL ESTATE
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. Unit 250, 1,634 sq. ft. 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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- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Stucco
- Legal Description: UNIT 240 SANFORD PLAZA CONDOMINIUM ORB 5395 PG 1901 UNIT 250 SANFORD PLAZA CONDOMINIUM ORB 5395 PG 1901
- MLSID: O5717896
- Roof Type: Unknown
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