212 W 1st St - Restaurant FOR SALE


Sanford, FL 32771- Downtown Sanford
$3,750,000 USD
407-963-7558
212 W 1st St, Sanford, FL for Sale
$3,750,000 USD
Restaurant - FOR SALE
1/11
null | 7.93% Cap Rate

212 W 1st St
Sanford, FL 32771
Downtown Sanford


HIGHLIGHTS

  • Located in Sanford’s redeveloping historic commercial corridor with strong pedestrian traffic.
  • Fully operational food hall infrastructure including trained staff and established vendor network transfers with sale.
  • Proximity to Lake Monroe waterfront and walking distance to popular retail and dining destinations.
  • Three-year track record of consistent occupancy and stable cash flow for investment certainty.
  • Multiple value-add strategies available through tenant mix adjustments and expanded programming initiatives.
  • Positioned within an active downtown district known for breweries, specialty shops, and cultural events.

OVERVIEW

Historic Downtown Sanford Location - The property anchors First Street within Sanford's actively redeveloping historic commercial district, benefiting from sustained foot traffic, complementary independent operators, and proximity to the Lake Monroe waterfront. Turnkey Operational Infrastructure - Integrated Toast POS system, shared common areas, established vendor relationships, professional management, and trained staff transfer with the sale, minimizing operational continuity risk for an incoming owner-operator. Three-Year Operating History - Consistent occupancy, normalized cash flow, and disciplined expense management across 2023 through 2025 provide a defensible underwriting basis for buyer financing and proforma development. Multiple Value-Add Pathways - Tenant mix refinement, expanded event programming, operational synergies between the food hall and bar, and selective lease restructuring as percentage breakpoints mature offer thoughtful buyers organic upside without major capital deployment.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

7.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Henry's Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

SC-3

APN/PARCEL ID

25-19-30-5AG-0205-0030

ASK ABOUT THIS PROPERTY

Scott LloydLloyd Commercial Advisors, LLCMore Info
407-963-7558

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Scott LloydLloyd Commercial Advisors, LLCMore Info
407-963-7558

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