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    Downtown Sanford Historic Brick Building Title is generated by Realmo AI

    108 S Park Ave, Sanford, FL

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    Renovated mixed-use building in Sanford's Historic District.

    Type:RETAIL
    Property size:
    5,670 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $352/SF
    Added:
    Nov 28, 2025
    Days on Market:
    211
    Last Refresh:
    Apr 5 at 10:31 pm

    Property Features for 108 S Park Ave

    General Information

    Standard status
    Active
    Size
    5,670 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

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    Rafael Mendez
    Rafael Mendez

    Listing office Saunders Commercial | Orlando

    Listing date Nov 28, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Saunders Commercial | Orlando

    HighLights

    • Prime downtown Sanford location in historic district retail core
    • Fully renovated in 2020 with new roof, HVAC, lighting, structural and façade restoration
    • Investment flexibility with value‑add upside potential from repositioning below‑market rents
    • Classic brick construction (built 1901) with period architecture and curb appeal
    • ±5,670 sf | 0.07 ac | two stories
    • Three ground‑floor retail suites and upgraded second‑floor office space

    Overview

    Located in Downtown Sanford, this two-story brick building is situated on S Park Avenue within the Historic District's retail core. Constructed in 1901, the property offers approximately 5,670 square feet of space on a 0.07-acre lot. The building features three ground-floor retail suites and upgraded second-floor office space. Renovated in 2020, capital improvements include a new roof, HVAC system, lighting, and structural and façade restoration. The property combines period architecture with modern functionality and curb appeal. This property is ideal for investors looking to reposition leases at below-market rents for value-add upside.

    Local Financial Insights For Retail

    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 $164.7k $29.04
    − Vacancy −$5.6k −$0.99
    EGI $159.1k $28.05
    − OpEx −$47.7k −$8.42
    NOI $111.3k $19.64
    5,670 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.59M
    $1.39M – $1.86M (±1% cap)
    NOI $111,341 @ 7.0% cap · market cap 5.57%
    Second Best
    Office B
    $1.21M
    $1.06M – $1.41M (±1% cap)
    NOI $84,710 @ 7.0% cap · market cap 4.24%
    Theoretical Best
    Office A
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $112,946 @ 7.0% cap · market cap 5.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Florida Commercial Properties Real Estate Agency Raw Press Juice ... Specialty Food Shop The Collective Sanford Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • The Happy Florist — 1015 W 1st St, Sanford, FL 32771

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2682
    Latitude
    28.8114

    FAQs

    What type of property is this?
    Storefront property - Renovated mixed-use building in Sanford's Historic District.
    Where is this storefront property located?
    The property is located at 108 S Park Ave 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 downtown Sanford location in historic district retail core; Fully renovated in 2020 with new roof, HVAC, lighting, structural and façade restoration; Investment flexibility with value‑add upside potential from repositioning below‑market rents
    (407) 748-8970 Call to check price and availability
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