203 E 3rd St - Office FOR SALE


Sanford, FL 32771- Downtown Sanford
$1,495,000 USD
407-234-4111
203 E 3rd St, Sanford, FL for Sale
$1,495,000 USD
Office - FOR SALE
1/11
null | 4.61% Cap Rate

203 E 3rd St
Sanford, FL 32771
Downtown Sanford


HIGHLIGHTS

  • Prime Downtown Sanford location within the Waterfront Business District
  • 100% occupied by a diversified rent roll of office / retail tenants
  • Each suite has private entry, restroom facilities, interior office buildout, and 3rd St frontage
  • Sanford has experienced tremendous population growth and is one of the Orlando MSA’s most sought after markets

OVERVIEW

The Westerfield Building is a 4,930 SF mixed-use building located in Downtown Sanford, Florida, the submarket's most sought after retail and dining neighborhood. Currently 100% leased to a diverse retail and office tenant base (six tenants), the property represents one of the most unique investment opportunities in the Sanford / Lake Mary market. The property includes prized SC-3 zoning (2.0 FAR), a special Waterfront Downtown Business District (WDBD) intended to facilitate higher density commercial development in Sanford's downtown core. Each of the eight office / retail suites includes private exterior entries (no internal common hallways), individual restrooms including some units with full shower facilities, direct frontage onto East 3rd Street, and ample on-site parking, a distinct leasing advantage over comparable mixed-use properties. This rare combination of on-site amenities in Downtown Sanford has generated significant tenant demand and led to 100% property occupancy.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

4.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Westerfield Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

SC-3, Sanford

APN/PARCEL ID

25-19-30-5AG-0502-0090

ASK ABOUT THIS PROPERTY

Carter CollisonCollison CapitalMore Info
407-234-4111

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Carter CollisonCollison CapitalMore Info
407-234-4111

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