Retail Anchor in Historic
212 First St Sanford, FL 32771
212 First St, Sanford, FL, 32771
Contact for pricing
For Sale
Contact for pricing
For sale retail asset anchored on First Street in an actively redeveloping historic commercial district near Lake Monroe.
Property Size8,700 SF
Price / SF$431.03
Days on Market53
Property Features for 212 First St
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Property subtype
- Retail, Special Purpose, Business for Sale
Listing agency
Lloyd Commercial Advisors
Listed by
Scott Lloyd CCIM, RPA · License #BK3096896
Source
Crexi
Added: Jun 1 Updated: Jul 22 at 6:00PM Checked: Jul 22 at 6:00PM
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 Lloyd Commercial Advisors
Investment Insights
Based on property information with market context.
This for-sale retail property anchors First Street within Sanford’s actively redeveloping historic commercial district. The setting benefits from sustained foot traffic and a mix of complementary independent operators.
The property’s placement also supports convenient access to the Lake Monroe waterfront, adding to the overall daytime and visitor draw of the area. The asset is offered for sale at $3,750,000.
The property’s placement also supports convenient access to the Lake Monroe waterfront, adding to the overall daytime and visitor draw of the area. The asset is offered for sale at $3,750,000.
Key Highlights
- Retail asset anchored on First Street in Sanford’s historic commercial district
- Located near the Lake Monroe waterfront
- Benefits from sustained foot traffic and complementary independent operators
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 | $252.6k | $29.04 |
| − Vacancy | −$8.6k | −$0.99 |
| EGI | $244.1k | $28.05 |
| − OpEx | −$73.2k | −$8.42 |
| NOI | $170.8k | $19.64 |
8,700 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.44M
$2.14M – $2.85M
NOI $170,841 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,304 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grain & Ember
Restaurant
Ghenghis juan's
Restaurant
Oak Flame Pizza
Restaurant
The Greenery Creamery Sanford
Grocery & Convenience Store
Gateway City Coffee ...
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale retail asset anchored on First Street in an actively redeveloping historic commercial district near Lake Monroe.
Where is this retail space located?
The property is located at 212 First St Sanford, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Retail asset anchored on First Street in Sanford’s historic commercial district; Located near the Lake Monroe waterfront; Benefits from sustained foot traffic and complementary independent operators
