2610 Sanford Ave Sanford, FL 32773-5250
- Retail space
- 903 SF
- 0.14 lot acres
Current Use by Public Records
- Jay & Marie's Hair Studio / Hair Salon
- Pete Cuts Barbershop / Barber Shop
Property Details for 2610 Sanford Ave
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 903 SF
- Property type
- Retail space
- APN
- 01-20-30-506-0000-0760
- APU
- 1203050600000760
Description
This exceptional investment opportunity presents a fully renovated, mixed-use storefront property located at 2610 Sanford Ave, Sanford, FL 32773. The 1,283 square foot building, constructed in 1950 and extensively renovated in 2020, boasts a 7.2% cap rate with 100% occupancy. The property features two tenants, each occupying a portion of the building, and includes eight parking spaces on a 0.14-acre lot. The building is zoned GC-2, allowing for a variety of commercial uses. Significant improvements completed in 2020 include a new roof, plumbing, and siding. The prime location offers convenient access to major roadways such as Hwy 417 and Hwy 17-92, as well as proximity to Historic Downtown Sanford and Orlando-Sanford International Airport. Each of the four units within the building includes a private bathroom. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a thriving location. The property's strong tenant history and attractive cap rate make it an ideal addition to any investment portfolio. The modified lease type provides flexibility for future growth and management. The asking price is $259,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $360,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $320,000
- Mixed-Use
- $330,000
- Hospitality
- $295,000
- Educational
- $285,000
- Residential Income
- $335,000
- Energy
- $290,000
- Income-Based Land
- $315,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Seminole
- State
- Florida
- Longitude
- -81.2651
- Latitude
- 28.7813
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA