209 N OAK AVENUE Sanford, FL 32771
Mixed Use - SANFORD, FL
- Added:
- Apr 10, 2024
- Days on Market:
- 826
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 209 N OAK AVENUE
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- SC3
- Standard status
- Active
- APN
- 25-19-30-5AG-0104-0110
- Size
- 6,032 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 4768.91
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1887
- Building materials
- Brick
- Architectural style
- Other
Listing agent Matt White License #3106449 (407) 758-3166
Listing office SLOANE REALTY, LLC 319 S ELM, Sanford, FL (407) 829-2418
Listing date Apr 10, 2024
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.
Investment Insights
Based on property information with market context.
The building is located in the Downtown Sanford Community Redevelopment Area and is less than 2 blocks from Lake Monroe. The listing states the property is not located in a flood zone.
For buyers or operators, this configuration supports a combined hospitality and residential strategy, along with flexible options for retail and office use consistent with SC-3 approvals. Given the active planning process for the upper apartments and the stated mix of allowed uses, the property may be a fit for parties looking to develop or operate a small, downtown-oriented mixed-use asset. Please contact us for the permitted and conditional use schedule to confirm specific plans.
Key Highlights
- Prime location in Downtown Sanford Community Redevelopment Area, less than 2 blocks from Lake Monroe.
- Zoned SC‑3, allowing for retail, restaurant, office, and multifamily residential uses.
- Seller plans to construct 3 apartments upstairs and a bar/restaurant in the lower level.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.0k | $23.88 |
| − Vacancy | −$9.4k | −$1.55 |
| EGI | $134.7k | $22.33 |
| − OpEx | −$60.6k | −$10.05 |
| NOI | $74.1k | $12.28 |
Alternative Uses
Property Analytics
Current Use by Public Records
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