$980,000

2921 S Orlando Drive #230, Sanford, FL 32773

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$980,000

2921 S Orlando Drive #230 Sanford, FL 32773

For Sale MLS# O6132836

10,000 sq ftCommercial

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Data current as of 12/04/2024 20:00:31

Details for 2921 S Orlando Drive #230

MLS# O6132836

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).

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.19 Acres

Square Feet: 10,000 sq ft

Year Built: 1965

Construction: Block,Stucco

Subdivision: Sanford Plaza Condo

Foundation: Slab

County: Seminole

Utilities


Water: Public

Sewer: Public Sewer

Other Utilities: Electricity Available,High Speed Internet Available,Municipal Utilities,Water Connected

Cooling: Central Air

Heating: Central

Exterior / Lot Features


Roof: Membrane

Community Features


Community Features: Curbs, Sidewalks

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


Terms: Cash,Conventional

Tax/Property ID: 01-20-30-509-0000-2300

Tax Amount: 6450.26

Tax Year: 2022

Price Changes


$980,000 Original Price
$980,000 Current Price
$0Total Change
Date Price Change
02/28/2024 05.47 PM $980,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 2921 S Orlando Drive #230

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SchoolDigger® Rating

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