106 Magnolia Ave Sanford, FL 32771
For Sale
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This exceptional mixed-use property, located at 106 Magnolia Avenue in the heart of Sanford's historic district, presents a unique investment opportunity. Situated on a 0.05-acre lot in Magnolia Square, between 1st and 2nd Streets, this 3,952 square foot building boasts a strong rental history with long-term tenants, ensuring consistent income generation. The property's prime location benefits from the vibrant activity of Magnolia Square, including a weekly farmer's market and numerous city-sponsored events throughout the year. The building is zoned SC3, offering considerable flexibility for a variety of commercial uses. Recent improvements significantly enhance the property's appeal and longevity. These upgrades include fresh exterior paint, new doors, a newly installed awning, and a brand-new roof completed in February 2024. This turnkey investment is ready for immediate income generation and offers significant potential for future appreciation in this rapidly growing area. The property's strong rental history and versatile zoning make it an ideal addition to any investment portfolio. The combination of location, recent renovations, and flexible zoning makes this a truly exceptional opportunity in the thriving Sanford market. Don't miss your chance to own a piece of Sanford's rich history and vibrant future. The asking price is $1,150,000.
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Jernigan Properties Property Management Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.