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300 2nd St Sanford, FL 32771-1312

OFF-MARKET Warehouses Google Maps
1,225 SF 0.18 ac lot Built 1948
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US18-9347343

Property summary

AI-generated overview

This exceptional opportunity presents a 1,225 sq ft, second-generation restaurant space in historic downtown Sanford, ideally located on the corner of E 2nd Street and S Palmetto. The property boasts a spacious 3,500 sq ft fenced patio, perfect for outdoor dining or events, and comes equipped for immediate operation. Previously a pizza restaurant, the space is adaptable to various restaurant concepts. The building features a 2,500-gallon grease trap, ensuring compliance with health regulations, and benefits from 3-phase power to support high-energy kitchen equipment. A 10-ton AC unit provides ample cooling for both indoor and outdoor areas, complemented by a filtered water system for optimal beverage service. Outdoor amenities include patio furniture, pergolas, and fire tables, creating an inviting atmosphere. Two mechanical garage doors offer convenient access and ventilation. The property sits on 0.18 acres and is zoned SC3 in Seminole County. The location is eligible for a 4COP liquor license, adding significant value for prospective bar and restaurant owners. This turnkey solution offers a rare combination of prime location, extensive outdoor space, and essential restaurant infrastructure, making it an attractive investment opportunity.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1948
Construction CONCRETE BLOCKS
Total area 1,225 SF
Lot 0.18 ac (7,967 SF)
APN 25-19-30-5AG-0301-0090
UPID US18-9347343

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2023
Last sale
$390,000
7 recorded transactions
2023
Price N/A
2021
$390,000
2014
$125,000
2012
$27,000
2008
Price N/A
2008
$225,000
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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