$250,000
$265,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
2,500 SqFt
SOLD DATE : 06/01/2023
Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $100
Subdivision Sanford Plaza Condo
MLS Listing ID O6087647
Sold Date 06/01/23
Construction Status Financing,Inspections,Other Contract Contingencies
HOA Y/N No
Originating Board Stellar MLS
Year Built 1965
Annual Tax Amount $3,233
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Great Location! Unit is currently leased for $2,300 per month. Sanford Plaza centrally located & close to everything. It is anchored by Bravo Foods, Department of 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 unit has been there for over 10 years. 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
Garage Common
Community Features Sidewalks
Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected
Waterfront false
Roof Type Other
Building
Lot Description Shopping Center, Sidewalk
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing,Inspections,Other Contract Contingencies
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with VANWALD AND ASSOCIATES LLC
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