0 Richmond Ave Sanford, FL 32773
This exceptional 19.06-acre land parcel in Sanford, Florida, presents a unique investment opportunity. Located less than a mile from Sanford International Airport, this A1-zoned property offers significant potential for diverse development. The future land use designation is HIPAP (High Intensity Planned Development Airport), permitting a wide range of uses including airport-supportive commercial, business park, industrial park, warehousing, office space, public service facilities, and open space/preserve. The property's strategic location within Seminole County, a highly desirable area known for its strong economy and family-friendly environment, further enhances its appeal. Seminole County boasts a robust labor force exceeding 250,000 with an average hourly wage of $26.50. The recent $65 million expansion of Sanford International Airport, now serving over 3 million passengers annually and offering 75+ nonstop destinations, underscores the area's dynamic growth. This prime location, coupled with the permitted zoning and future land use designation, makes this a compelling investment for developers seeking to capitalize on the region's thriving commercial and industrial sectors. The property's APN is 0320315010B000060. The asking price is $3,000,000, translating to approximately $157,398 per acre. This represents a significant opportunity to acquire a substantial land holding in a rapidly developing area with excellent infrastructure and access to a large, skilled workforce.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.