Versatile Sanford Commercial
2516 SANFORD AVENUE Sanford, FL 32773
2516 SANFORD AVENUE, Sanford, FL, 32773
$825,000
For Sale
$825,000
Three-building complex with restaurant, live/work unit, and flex space.
Property Size4,493 SF
Lot Size0.71 Acres
Price / SF$183.62
Days on Market230
Property Features for 2516 SANFORD AVENUE
General Information
- Standard status
- Active
- Size
- 4,493 SF
- Lot size
- 0.71 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
PORZIG REALTY
(407) 322-8678
Listed by
DERRICK THOMAS · License #3331734
Source
Corcoran
Added: Dec 2, 2025 Checked: Jul 19 at 4:50 am
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 PORZIG REALTY
Investment Insights
Based on property information with market context.
This commercial complex features three buildings on 0.71 acres, offering flexibility and visibility near the intersection of Sanford Ave and 25th St. Building 1 is a 2,583 square-foot turnkey restaurant, fully outfitted and equipped for immediate use. Building 2 provides a live/work opportunity, featuring a 400 square-foot one-bedroom, one-bath apartment above 400 square feet of open flex space. Building 3 is a 1,110 square-foot flex building, suitable for storage, retail, creative workspace, or service business. The property has general commercial zoning, permitting uses such as restaurants, retail, service businesses, live/work enterprises, creative studios, or mixed-use commercial concepts. It also includes generous parking capacity to support retail, service, or restaurant operations. This property is located in a high-demand Sanford location.
Key Highlights
- Prime location near Sanford Ave and 25th St, a high‑traffic commercial corridor.
- Three buildings on 0.71 acres offer multiple income streams and business opportunities.
- Building 1: Turnkey 2,583 SF restaurant, fully outfitted with existing equipment.
Local Financial Insights For Office B
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 | $107.8k | $24.00 |
| − Vacancy | −$18.3k | −$4.08 |
| EGI | $89.5k | $19.92 |
| − OpEx | −$22.4k | −$4.98 |
| NOI | $67.1k | $14.94 |
4,493 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,228 @ 7.0% cap · market cap 10.69%
Second Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,652 @ 7.0% cap · market cap 10.50%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,501 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Angel's Soul food ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-building complex with restaurant, live/work unit, and flex space.
Where is this mixed-use property located?
The property is located at 2516 SANFORD AVENUE Sanford, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Prime location near Sanford Ave and 25th St, a high‑traffic commercial corridor.; Three buildings on 0.71 acres offer multiple income streams and business opportunities.; Building 1: Turnkey 2,583 SF restaurant, fully outfitted with existing equipment.
