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13000 Avalon Lake Dr. East Suite 100 Orlando, FL 32828 | 14846 Wyndham Lakes Blvd, Suite 06, Orlando FL, 32824
407-625-3749 [email protected]
MLS® ID: O5717886

2921 S ORLANDO DRIVE

SANFORD, Florida, 32773

$455,000 Active
  • 5100 SQFT
Spectacular Opportunity! Buy this unit separately or buy all 6 units for sale. This unit is a below market price and ready to be leased 9% projected Cap Rate . 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. 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 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. Unit 180, 240 & 250 have a sprinkler system.
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Listing courtesy of INVESTOR'S REAL ESTATE LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    32773
  • Office name
    INVESTOR'S REAL ESTATE LLC
  • SQFT
    5100
  • Bedrooms
    0
  • Property type
    Commercial
  • Zoning type
    GC2
  • Year built
    1965
  • Lot size
    0.11
  • Waterfront
    No
  • Tax year
    2018
  • Agent name
    Freddie Crespo
  • Tax amount
    $ 2685.0
  • Purchase Type
    Active
  • Price Range
    $400k-$500k
  • Square Feet Range
    5000-7000 sq ft.
  • Area
    32773 - Sanford
  • Year Built Range
    1989 (and earlier)
  • Office ID
    59720
  • Agent ID
    261091835

Location

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