Address
2921 S Orlando DRIVE #230, SANFORD, FL
Price
$ 980,000
Property Attributes
- MLS#O6132836
- TypeCommercial
- CountySEMINOLE
- CitySANFORD
- AreaSanford
- NeighborhoodSanford Plaza Condo
- Zip32773
- StyleRetail
- Year Built1965
- Taxes$ 6450
- Price$ 980,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10000
- Lot Size8,276 SqFt
Data Source:
Stellar MLS
Property Description
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).
| Price History | |
|---|---|
| 8/9/2023 | Listed $1,100,000 |
| 8/10/2023 | 7% - $1,033,333 |
| 10/30/2023 | 6% - $980,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | BB/HS Internet Capable,Electricity Available,Public,Water Connected |
| Roof | Membrane |
| Zoning | GC2 |
| Construction Materials | Block,Stucco |
| Year Built | 1965 |
| Unit Number | 230 |
| Property SubType | Retail |
| Tax Year | 2022 |
| Percent Ownership | Sole Proprietor |
| Community Features | Curbs,Sidewalks |
| County | Seminole |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA / Comm Assn | Yes |
| Subdivision Name | SANFORD PLAZA CONDO |
| Status | Active |
| Directions | From Lake Mary Blvd Head North on 17-92,Make a right after 417 over pass,The building is on the right end of the Plaza. |
| City | SANFORD |
| Buyer Agent Compensation | 2% |
| MLS Area | 32773 - Sanford |
| Lot Size Square Feet | 8075 |
| Waterfront Y/N | No |
| Street Name | Orlando |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 6450.26 |
| Public Remarks | 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 yea |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6132836 |
| Days on Market | 201 |
| Standard Status | Active |
| Tax Lot | 230 |
| Legal Description | UNIT 230 SANFORD PLAZA CONDOMINIUM ORB 5395 PG 1901 |
| Monthly Condo Fee Amount | 958 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Street Suffix | DRIVE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 8075 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 10000 |
| Lot Size Acres | 0.19 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32773
Price
Taxes
Visits
Year Built
Walkscore
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on April 27, 2024 6:57 PM UTC
