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2921 S Orlando Drive #230,  Sanford FL, 32773

(Active)
$980,000
|
10,000 sqft
|
MLS# O6132836
Last Updated: 5/12/2024 5:27 AM
Description for 2921 S Orlando Drive #230 Sanford, FL 32773
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
$980,000
SANFORD PLAZA CONDO
Seminole
10,000 (approx)
O6132836
Active
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).
Listing Information
Property Type: Retail, Business Opportunities, Other
0.19 Acres 10,000 (approx) 1965
Block,Stucco
20//
SANFORD PLAZA CONDO
Slab
Public
Public Sewer
Electricity Available, Water Connected
Neighborhood
Room Information
Interior Features
Central Air
Other, Central
Exterior / Lot Features
Stucco, Block
Membrane
GC2
Driving 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.
Financial Considerations
$11,500
01-20-30-509-0000-2300
$6,450
Cash, Conventional
Listing Price History

Sanford Real Estate

Sanford is located in Florida. Sanford, Florida 32773 has a population of 61,101.

The median household income in Sanford, Florida 32773 is $50,834. The median household income for the surrounding county is $69,468 compared to the national median of $66,222. The median age of people living in Sanford 32773 is 40 years.

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Courtesy: INVESTOR'S REAL ESTATE LLC, 407-688-4355


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/12/2024 5:27 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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