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2921 S Orlando Drive , #230

Sanford, FL 32773
  • $980,000
  • STATUS: Active
  • ON SITE: 258 Days
  • MLS #: O6132836
UPDATED: 85 min ago
$980,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $98
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

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).

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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. Data last updated 2024-04-24T12:51:03.247.
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2921 S Orlando Drive , #230 Sanford, FL 32773

  • Price: $980,000
  • Status: Active
  • On Site: 258 Days
  • Updated: 85 min ago
  • MLS #: O6132836
0
Beds
0
Baths
0
½ Baths
0.19
Acres
10,000
SQFT
$98
$/SQFT
1965
Built
Neighborhood:
Sanford Plaza Condo
County:
Seminole
Area:
Sanford
Property 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).
Exterior Features

Adjoining Property Church Construction Materials BlockStucco Foundation Details Slab Road Frontage Type City Street Road Surface Type Paved Roof Membrane Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 10000 Ceiling Height Varied Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 17950 Community Features CurbsSidewalks Condo Fee Monthly Amount 958 Condo Fees 11500 Condo Fees Term Annual Converted Residence Yn No Flood Zone Code X Listing Terms CashConventional New Construction Yn No Ownership Sole Proprietor Property Sub Type Retail Realtor Info Currently LeasedNo Sign Special Listing Conditions None Tax Annual Amount 6450.26 Total Annual Fees 11500 Total Monthly Fees 958.33 Utilities BB/HS Internet CapableElectricity AvailablePublicWater Connected Zoning GC2


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of INVESTOR'S REAL ESTATE LLC: 407-688-4355.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. 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 consumers 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. Data last updated 2024-04-24T12:51:03.247.
 
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