223 3rd St Sanford, FL 32771-1831
This exceptional 1.2-acre mixed-use property in vibrant downtown Sanford, Florida presents a unique redevelopment opportunity. Located on a main thoroughfare, the site boasts 3,760 square feet of existing building space, including a circa-1910 historic warehouse featuring nearly 2,000 square feet of covered porch—ideal for adaptive reuse, such as a microbrewery. The property comprises five parcels with frontage and access from both 3rd and 4th Streets. Zoned SC-3 Special Commercial, the site allows for a wide range of commercial uses and potentially multi-family residential development. The future land use designation, Waterfront Downtown Business District (WDBD), offers benefits including reduced setbacks, lower parking requirements, and a density allowance of up to 50 units per acre. This prime location benefits from significant commercial and residential growth, with new businesses, including restaurants and microbreweries, flourishing in the area. Note that some buildings along 3rd Street show fire damage
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Miller Lights Inc. Marketing & Advertising Event Planning
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Transforming Property Solutions, LLC Real Estate Agency
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.