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    223 3Rd St Sanford, FL 32771

    Sponsored
    For Sale
    $925,000

    Historic Warehouse, Redevelopment Opportunity

    Property size:
    3,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.2-acre mixed-use property in vibrant downtown Sanford, Florida presents a unique redevelopment opportunity. Located on a main thoroughfare, the site boasts 3,760 square feet of existing building space, including a circa-1910 historic warehouse featuring nearly 2,000 square feet of covered porch—ideal for adaptive reuse, such as a microbrewery. The property comprises five parcels with frontage and access from both 3rd and 4th Streets. Zoned SC-3 Special Commercial, the site allows for a wide range of commercial uses and potentially multi-family residential development. The future land use designation, Waterfront Downtown Business District (WDBD), offers benefits including reduced setbacks, lower parking requirements, and a density allowance of up to 50 units per acre. This prime location benefits from significant commercial and residential growth, with new businesses, including restaurants and microbreweries, flourishing in the area. Note that some buildings along 3rd Street show fire damage

    Property Features for 223 3Rd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,760 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Miller Lights Inc. Event Management Company Transforming Property Solutions, ... Real Estate Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.26964
    Latitude
    28.80959

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Warehouse, Redevelopment Opportunity
    Where is this mixed-use property located?
    The property is located at 223 3Rd St Sanford, FL.
    What is the asking price?
    The asking price for this property is $925,000.
    (407) 333-8088
    Request Owner's contact information
    223 3Rd St Sanford, FL 32771
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    Sanford, FL 32771
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 3Rd St Sanford, FL 32771
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