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    Richmond Ave Sanford, FL 32773

    Sponsored
    For Sale
    $2,800,000

    Prime Industrial Land, Sanford, FL. Excellent Location & Utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19.6-acre parcel of land presents a compelling investment opportunity in Sanford, Florida. Located on Richmond Avenue in Seminole County, zip code 32773, this property is zoned for industrial use, making it perfectly suited for a variety of commercial and industrial applications. The asking price is $2,800,000, translating to a land value of $3.30 per square foot. Its strategic location offers significant advantages. The site enjoys convenient proximity to the new shopping center situated at the intersection of Route 46 and Lake Mary Boulevard, providing easy access to retail amenities and a strong workforce pool. Furthermore, its location minutes from the Orlando Sanford International Airport ensures seamless logistics and transportation capabilities. The property benefits from readily available city utilities provided by the City of Sanford, simplifying infrastructure development. This makes it ideal for manufacturing, distribution, warehousing, and flex space development. Future land use designation is industrial, ensuring long-term viability and investment security. This is a rare opportunity to acquire a substantial, well-located industrial land parcel in a thriving Florida market. Don't miss out on this chance to secure a prime piece of real estate with exceptional potential.

    Property Features for 0 Richmond Ave

    General Information

    Property type
    Land
    Lot Size
    853,776 SF

    HighLights

    • $2,800,000 asking price for 19.6 acres of industrially zoned land.
    • Excellent location near the new Rt. 46 & Lake Mary Blvd shopping center.
    • Ideal for manufacturing, distribution, warehousing, and flex uses.
    • Minutes from Orlando Sanford International Airport.
    • City of Sanford utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2060623
    Latitude
    28.7821579

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Sanford, FL. Excellent Location & Utilities.
    Where is this land located?
    The property is located at Richmond Ave Sanford, FL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: $2,800,000 asking price for 19.6 acres of industrially zoned land.; Excellent location near the new Rt. 46 & Lake Mary Blvd shopping center.; Ideal for manufacturing, distribution, warehousing, and flex uses.
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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
    Richmond Ave Sanford, FL 32773
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