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Oversized Lot in Historic District
For Sale
$225,000

417 W 3RD STREET, Sanford, FL 32771

Vacant lot suitable for residential, commercial, or multi-family development.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market515

Property Features for 417 W 3RD STREET

General Information

Standard status Active
Lot size 0.17 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $2,126

Amenities

Corner Lot
Pool
Public Pool
Oversized
Paved
Listing Agency: PREMIUM PROPERTIES R.E SERVICE
Listed By: DAVE PARKER · License #3316829
Source: Corcoran
Added: Mar 14, 2025 Changed: Aug 8 Last Checked: Jul 16 at 7:43AM

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 PREMIUM PROPERTIES R.E SERVICE

Investment Insights

Based on property information with market context.

This oversized lot is located bordering Sanford's Historic District at 3rd and Laurel. The site, formerly a triplex location, is suitable for residential, commercial, or multi-family development. A combination of these uses may represent the highest and best use of the parcel. Some impact fees have already been paid. The property is positioned close to downtown Sanford, offering proximity to the area's amenities. Vacant parcels close to the downtown area are limited.

Key Highlights

  • Oversized lot bordering Sanford's Historic District.
  • Potential for Residential, Commercial, or Multi‑Family development.
  • Combination of residential, commercial, and multi‑family use may be the highest and best use.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Carpet & Flooring Store Electrical Service Florist Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

833
Businesses Nearby

Demographics for 32771, FL

57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant lot suitable for residential, commercial, or multi-family development.
Where is this commercial land located?
The property is located at 417 W 3RD STREET Sanford, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Oversized lot bordering Sanford's Historic District.; Potential for Residential, Commercial, or Multi‑Family development.; Combination of residential, commercial, and multi‑family use may be the highest and best use.
More about this property
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