0 Seminole Blvd. And Mangoustine Ave Sanford, FL 32771

This exceptional 5.47-acre commercial land parcel presents a remarkable investment opportunity in Sanford, Florida. Located in the vibrant Waterfront Downtown Business District, this property boasts stunning views of Lake Monroe and is approved for the construction of a 105-unit multi-family residential development. The RMOI zoning (Multi-Family Residential/Office/Institutional) allows for diverse development options. Its strategic location offers unparalleled convenience, situated next to HCA Florida Lake Monroe Hospital, a significant source of potential tenants. The property enjoys high visibility and accessibility, less than half a mile from the heavily trafficked West 1st Street/US Hwy 17-92 (24,500 AADT), and just one mile from the Sanford SunRail station, providing excellent public transportation access. This prime location offers a compelling combination of residential demand, medical proximity, and convenient transportation links, making it an ideal site for a thriving multi-family development. The asking price is $2,750,000. This is a rare opportunity to acquire a large, well-located parcel in a rapidly growing area with significant development potential. Don't miss out on this chance to capitalize on the thriving Sanford market.