$135,000
$140,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
900 SqFt
SOLD DATE : 11/09/2021
Key Details
Sold Price $135,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $150
Subdivision Sanford Plaza Condo
MLS Listing ID O5970894
Sold Date 11/09/21
Construction Status Other Contract Contingencies
HOA Y/N No
Year Built 1965
Annual Tax Amount $831
Lot Size 871 Sqft
Acres 0.02
Property Description
Spectacular Opportunity! 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. 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.
Location
State FL
County Seminole
Community Sanford Plaza Condo
Zoning GC2
Interior
Cooling Central Air
Exterior
Waterfront false
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Construction Status Other Contract Contingencies
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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