Remodeled Historic Sanford Mixed-Use
121 E 1ST STREET, Sanford, FL 32771
Mixed Use - SANFORD, FL
Type:Mixed Use
Property size:
7,987 SFLot size:
0.10 AcresPrice / SF:
$250/SF- Added:
- Oct 27, 2025
- Days on Market:
- 203
- Last Refresh:
- May 17 at 4:06 pm
Property Features for 121 E 1ST STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- SC3
- Standard status
- Active
- APN
- 25-19-30-5AG-0303-0010
- Size
- 7,987 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 14367.51
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Flooring type
- Tile, Tile - Ceramic, Vinyl
- Building materials
- Brick, Stucco
- Architectural style
- Other
Listing agent Holly Kroll License #3282595 (407) 716-7429
Listing office KROLL REALTY GROUP 4031 West 1st St, Sanford, FL (407) 339-6930
Listing date Oct 27, 2025
MLS# O6355722
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in Downtown Sanford's First Street business district with high visibility.
- Remodeled historic commercial building blending modern functionality with original character (exposed brick, soaring ceilings).
- Versatile open‑concept first floor suitable for retail, restaurant, office, or event space.
- Professionally designed second floor with eight private offices, a break room, and a restroom.
- Recent upgrades including new LVP flooring, new carpet, fresh paint, and a new A/C system (2023).
- Zoned SC3 offering a lot of potential use in a rapidly growing downtown corridor.
Overview
Located in Downtown Sanford's First Street business district, this remodeled historic commercial building offers visibility and potential for investors or owner-users. The building combines modern functionality with character and craftsmanship. The first floor features an open-concept layout suitable for mixed-use applications such as retail, restaurant, office, or event space. It includes original exposed brick walls, open-air ceilings, three bathrooms, and a kitchenette. The second floor offers a professional setting with two-story ceilings, eight private offices, a break room, and a restroom. Front-facing windows have been soundproofed. Recent upgrades include fresh interior paint, new LVP flooring on the first floor, new carpet on the second floor, and a new A/C system installed in 2023. The property is located in a walkable and rapidly growing downtown corridor. The building is zoned SC3, offering potential uses. The property size is 7987 square feet and the lot size is 0.1 acres.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.74M
NOI $156,840 @ 9.00% cap · cautious / downside scenario
Moderate
$2.24M
NOI $156,840 @ 7.00% cap · market / base-case scenario
Aggressive
$3.14M
NOI $156,840 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $231.9k | $29.04 |
| − Vacancy | −$7.9k | −$0.99 |
| EGI | $224.1k | $28.05 |
| − OpEx | −$67.2k | −$8.42 |
| NOI | $156.8k | $19.64 |
7,987 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,840 @ 7.0% cap · market cap 7.84%
Second Best
Specialty Retail
$2.20M
$1.93M – $2.57M
NOI $154,037 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,101 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Brightway Insurance
Insurance Agency
Deviant Wolfe Brewing
Production Facility
The Florida Council on Compulsive ...
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Seminole
- State
- Florida
- Longitude
- -81.267204
- Latitude
- 28.811505
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Remodeled historic mixed-use building in Downtown Sanford's vibrant First Street.
Where is this mixed-use property located?
The property is located at 121 E 1ST STREET Sanford, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime location in Downtown Sanford's First Street business district with high visibility.; Remodeled historic commercial building blending modern functionality with original character (exposed brick, soaring ceilings).; Versatile open‑concept first floor suitable for retail, restaurant, office, or event space.
