Address2921 South Orlando Drive 230, SANFORD, FL, 32773
Price$980,000
- Commercial Sale
- 10,000 SQ FT
- Built in 1965
Price Improvement! A Triple Net lease with an economic powerhouse, Citi Trends in a plaza that has been condominiumized into separate units for sale is a RARE FIND. The units were sold out quickly years ago, this unit is for sale by an owner who is retiring some of his investments. The HOA handles all the outside repairs, maintenance and insurance, except for the roof and HVAC system. However, the all new HVAC units were installed this year and the roof was just recoated with silicone over the foam system to extend the warranty for another 10 years. The silicone over the foam roofing system, which protects the roof from UV rays, also adds a tremendous amount of insulation for the tenant. Pretty much all you need to do is bank the money and pay the real Estate taxes annually. This is the kind of investment that does not take up the most important asset you have "YOUR TIME". This is your chance to own a great investment that is a no brainer. This opportunity will not last long. Great Location; Sanford Plaza is centrally located & close to everything. It is anchored by Bravo Foods, Department of Family Services (DCF subcontractor-CBC), a Pharmacy, True Bens and 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 condo association dues which have been consistent at $1.15 per square foot for more than 10 years and has well over $100,000 in reserve. The entire plaza is approx 155,000 Sqft, located on 14 +/- acres. The Sanford Plaza has good traffic & great visibility to the Greenway (417).
Essential Information
- MLS® #O6132836
- Price$980,000
- Bathrooms0.00
- Square Footage10,000
- Acres0.19
- Price/SqFt$98 USD
- Year Built1965
- TypeCommercial Sale
- Sub-TypeRetail
- StatusActive
Community Information
- AreaSanford
- SubdivisionSANFORD PLAZA CONDO
- CitySANFORD
- CountySeminole
- StateFL
- Zip Code32773
Address
2921 South Orlando Drive 230
Interior
- HeatingCentral
- CoolingCentral Air
Exterior
- RoofMembrane
- FoundationSlab
Additional Information
- Date ListedAugust 9th, 2023
- Days on Market276
- ZoningGC2
Listing Details
- OfficeINVESTOR'S REAL ESTATE LLC
Price Change History for 2921 South Orlando Drive 230, SANFORD, FL (MLS® #O6132836)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,033,333 to $980,000 | ||
| Price Reduced from $1,333,333 to $1,033,333 | ||
| Price Increased from $1,100,000 to $1,333,333 |
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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