Sanford, FL 32773,2921 S ORLANDO DR #166
Sanford, FL 32773,2921 S ORLANDO DR #166
Sanford, FL 32773,2921 S ORLANDO DR #166
Sanford, FL 32773,2921 S ORLANDO DR #166
Sanford, FL 32773,2921 S ORLANDO DR #166
Sanford, FL 32773,2921 S ORLANDO DR #166
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$135,000

$140,000

3.6%
Est.Price: ?

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Est. payment /mo

900 SqFt


SOLD DATE : 11/09/2021

Key Details

Sold Price $135,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 900 sqft

Price per Sqft $150

Subdivision Sanford Plaza Condo

MLS Listing ID O5970894

Sold Date 11/09/21

Construction Status Other Contract Contingencies

HOA Y/N No

Year Built 1965

Annual Tax Amount $831

Lot Size 871 Sqft

Acres 0.02

Property Description

Spectacular Opportunity! Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, Department of Children & Family Services (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. 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 Greenway (417). The roof is mostly foam covered with small river rock, which protects from UV rays & adds a tremendous amount of insulation with high ceilings.

Location

State FL

County Seminole

Community Sanford Plaza Condo

Zoning GC2

Interior

Cooling Central Air

Exterior

Waterfront false

Building

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Structure Type Block

New Construction false

Construction Status Other Contract Contingencies

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by INVESTOR'S REAL ESTATE LLC
Bought with STELLAR NON-MEMBER OFFICE
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219 Hamilton, Birmingham, MI, 48009, United States

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