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Income Producing Sanford Mixed-Use Property

106 MAGNOLIA AVENUE, Sanford, FL 32771

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For Sale

$1,000,000

Mixed Use - SANFORD, FL

Type:Mixed Use

Property size:

3,952 SF

Lot size:

0.05 Acres

Price / SF:

$253/SF

HighLights

New roof installed February 2024.
Income‑producing property with long‑term tenants.
Prime location in the heart of Sanford's Historic District on Magnolia Square.
Zoned SC3, allowing for many uses.
Fresh exterior paint, doors, and awning.
Brick construction.

We can help!

Contact an agent

Roland R Jernigan, Jr.

For Sale

$1,000,000

Mixed Use - SANFORD, FL

Type:Mixed Use

Property size:

3,952 SF

Lot size:

0.05 Acres

Price / SF:

$253/SF

Added:: Jun 5, 2023
Days on Market:: 1130
Last Refresh:: Jul 8 at 10:06 am

Property Features for 106 MAGNOLIA AVENUE

General Information

Property type: Commercial Sale
Property subtype: Mixed Use
Zoning: SC3
Exterior features: Corner Lot
Standard status: Active
APN: 25-19-30-5AG-0303-001A
Size: 3,952 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Year: 2022
Tax Annual Amount: 5974

Utilities

Heating system: Central, Electric (Heating)
Cooling system: Central Air

Building Details

Year built: 1920
Flooring type: Carpet, Hardwood, Tile
Building materials: Brick
Architectural style: Other

We can help!

Contact an agent

Roland R Jernigan, Jr.

Listing agent Roland R Jernigan, Jr. License #641113

Listing office JERNIGAN PROPERTIES, INC. 106 S Magnolia Ave, Sanford, FL

Listing date Jun 5, 2023

MLS# O6116386 Listing URL

HighLights

New roof installed February 2024.
Income‑producing property with long‑term tenants.
Prime location in the heart of Sanford's Historic District on Magnolia Square.
Zoned SC3, allowing for many uses.
Fresh exterior paint, doors, and awning.
Brick construction.

Overview

Located in the heart of Sanford's Historic District on Magnolia Square, this income-producing mixed-use property offers a prime location between 1st Street and 2nd Street. The property benefits from its location on Magnolia Square, which hosts events such as the Farmer's Market every Saturday. The building, zoned SC3, allows for many uses. The property features fresh exterior paint, doors, and an awning. A new roof was installed in February 2024. The building has a great rental history with long-term tenants. The property contains 3,952 square feet and is situated on a lot of 0.05 acres.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$94.8k	$24.00
− Vacancy	−$11.4k	−$2.88
EGI	$83.5k	$21.12
− OpEx	−$31.3k	−$7.92
NOI	$52.2k	$13.20

3,952 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$745.2K

$652.1K – $869.4K (±1% cap)

NOI $52,166 @ 7.0% cap · market cap 5.22%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.12M

$984.1K – $1.31M (±1% cap)

NOI $78,724 @ 7.0% cap · market cap 7.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Jernigan Properties Property Management Company

Suggested Use

Location Insight

Map
Local Demand

City: Sanford
County: Seminole
State: Florida
Longitude: -81.267203
Latitude: 28.811344

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For sale
Mixed-use properties
FL
Sanford
32771
106 MAGNOLIA AVENUE

What type of property is this?

Mixed-use property - Income-producing mixed-use property in the heart of Sanford's Historic District.

Where is this mixed-use property located?

The property is located at 106 MAGNOLIA AVENUE Sanford, FL.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: New roof installed February 2024.; Income‑producing property with long‑term tenants.; Prime location in the heart of Sanford's Historic District on Magnolia Square.

106 MAGNOLIA AVENUE, Sanford, FL 32771

Mixed Use - SANFORD, FL

Property Features for 106 MAGNOLIA AVENUE

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Industrial Flex Warehouse with Office

Versatile Sanford Commercial Complex

Turnkey Restaurant and Bar

Assembly Building with Fenced Yard

Sanford Waterfront Commercial Opportunity

Remodeled Two-Story Mixed-Use Building

Turnkey Sanford Convenience Store Opportunity

Fenced Industrial Warehouse With Offices

Renovation-Ready Office or Medical Site

General Commercial Zoned Mixed-Use Property

Duplex with Mother-in-Law Suite

Income-Producing Sanford Quadruplex

FAQs