Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4950 46A Rd Sanford, FL 32771

    For Sale
    $2,900,000

    19-Acre Lakefront Property, Huge Potential

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 24.77-acre property in Sanford, Florida, presents a unique investment opportunity. Located on 46A Road, south and east of Rinehart Road, the site boasts a 19-acre private lake teeming with largemouth bass. The property is conveniently situated just 30 minutes from Orlando, offering easy access to major transportation routes and amenities. The land includes approximately 5.5 acres of uplands and a 1,000 square foot office building constructed in 2000. The existing building is suitable for various commercial uses, complementing the significant development potential of the remaining acreage. Currently zoned AG, the property's future land use designation is Medium Density Residential by the City of Sanford, suggesting a wide range of possibilities for future development. The asking price for this remarkable mixed-use property is $2,900,000. The property's diverse features, including the private lake, existing building, and prime location, make it an attractive investment for both commercial and residential development. Built in 1929, the property offers a blend of established infrastructure and significant upside potential. The substantial lot size of 1,045,440 square feet provides ample space for expansion and future projects. This is a rare opportunity to acquire a substantial parcel with significant development potential in a rapidly growing area of Florida.

    Property Features for 4950 46A Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,000 SF

    Building Details

    Year Built
    1929
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.3069315
    Latitude
    28.800557

    Nearby Similar for Sale

    • $1,427,700
      6,112 SF

      Historic Sanford Multifamily Investment Opportunity

      Historic 9-unit apartment building in downtown Sanford, with income potential.
      318 S Palmetto Ave, Sanford, FL 32771
      View Details
    • $3,000,000
      7,987 SF

      Remodeled Historic Mixed-Use Building

      Remodeled historic commercial building in Downtown Sanford's vibrant First Street.
      121 E 1St St, Sanford, FL 32771
      View Details
    • $875,000
      4,493 SF

      Sanford Mixed-Use Commercial Complex

      Versatile commercial complex with multiple buildings and income streams.
      2516 Sanford Ave, Sanford, FL 32773
      View Details
    • $360,000
      Pending

      Sanford Triplex with Renovation Potential

      Triplex in Sanford, Florida with two remodeled units and new roof.
      300 Hibiscus Dr, Sanford, FL 32773
      View Details
    • New
      $699,900
      1,740 SF

      Sanford Industrial Property with Storage

      2,695 SF industrial property with fenced outdoor storage.
      414 W 9Th St, Sanford, FL 32771
      View Details
    • $199,999
      1,360 SF

      Sanford Medical/Office Building For Sale

      Concrete block medical/office building in rapidly expanding Sanford, Florida.
      1204 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 19-Acre Lakefront Property, Huge Potential
    Where is this multifamily property located?
    The property is located at 4950 46A Rd Sanford, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    Request Owner's contact information
    4950 46A Rd Sanford, FL 32771
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4950 46A Rd
    Sanford, FL 32771
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4950 46A Rd Sanford, FL 32771
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.