1500-1566 S French Ave - Freestanding FOR SALE


Sanford, FL 32771
$10,000,000 USD
646-838-3000
1500-1566 S French Ave, Sanford, FL for Sale
$10,000,000 USD
Freestanding - FOR SALE
1/3
null | 7.2% Cap Rate

1500-1566 S French Ave
Sanford, FL 32771


HIGHLIGHTS

  • Excellent visibility on the highly trafficked S. French Avenue
  • Conveniently located just a 7-minute drive from the Orlando-Sanford International Airport; 28 mins to Orlando

OVERVIEW

? Long term anchor tenancy by Winn Dixie since 1987 has brought stability to the center in addition to several other 30+ year tenants ? Upside opportunity through leasing 9,850 SF of vacant space ? Significant capital improvements made to the property in 2021-2022 include: new roofs, parking lot re-surface & re-seal and LED parking lot lighting upgrades ? Excellent visibility on the highly trafficked S. French Avenue (US 17-92), which sees more than 26,800 VPD in front of the property ? Conveniently located just a 7-minute drive from the Orlando-Sanford International Airport and a 28-minute drive from Orlando ? New outpad for ANF Gyro’s & Grill is under construction (included in sale)

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sanford Towne Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

380

LAND DETAILS

LAND ACRES

10.01 AC

LAND SF

435,883 SF

ZONING

GC2

APN/PARCEL ID

36-19-30-512-0000-0050

ASK ABOUT THIS PROPERTY

Michael CleemanCleeman Realty Group LLCMore Info
646-838-3000

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Michael CleemanCleeman Realty Group LLCMore Info
646-838-3000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.