2921 ORLANDO DRIVE

City: | Subdivision:

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).

Basic Details
Property Type : Commercial Sale
Residential Sub Type
Commercial Sub Type : Retail
Listing Type : For Sale
Listing ID : MFRO6132836
Price : $980,000
Square Footage : 10,000 Sqft
Year Built : 1965
Lot Size : 8,075 Sqft
Status : Active
Days On Market : 141
Standard Status : Active
Features
: Central
: Central Air
: Membrane
0
0
GC2
Address Map
USA
FL
Seminole
Sanford
SANFORD PLAZA CONDO
32773
ORLANDO
2921
DRIVE
0
W82° 43' 21.5''
N28° 46' 20.1''
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.
32773 - Sanford
S
230
Neighborhood
Neighborhood
Additional Info
INVESTOR'S REAL ESTATE LLC
Stanlee Smith
$0
: Block , Stucco
: Slab
MFR261066069
MFR59720
01-20-30-509-0000-2300
: Public Sewer
: None
0
$6,450
2022
: Public , Electricity Available , Water Connected , Bb/hs Internet Capable
Click Here
MFR261091835
SIMILAR PROPERTIES
What is Nearby?

2921 ORLANDO DRIVESanford, Florida 32773

  • Square Footage: 10,000 Sqft
  • Visits : 82 in 159 days
$980,000
Listing ID#MFRO6132836
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Agent info
Jean Scott Homes
Keller Williams Advantage
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