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Property profile & analytics
FOR SALE
Turn key restaurants

106 Magnolia Ave Sanford, FL 32771

3,952 SF 0.05 ac lot Built 1920
Individually Owned 22-yr Hold ~ Est. High Equity
Property ID
US18-3227223
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction CONCRETE
Total area 3,952 SF
Lot 0.05 ac (1,975 SF)
APN 25-19-30-5AG-0303-001A
UPID US18-3227223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jernigan Properties Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.27M
Owner & transaction history
Roland R Jernigan · 22 yrs held
Roland R Jernigan
since 2003
7 recorded transactions
2016
Price N/A
2003
$304,500
1999
$107,000
1997
Price N/A
1994
$80,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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