2553-2565 Park Dr - Freestanding FOR SALE


Sanford, FL 32773
$1,400,000 USD
407-467-3607
2553-2565 Park Dr, Sanford, FL for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/55
null | 7.12% Cap Rate

2553-2565 Park Dr
Sanford, FL 32773


HIGHLIGHTS

  • Value Add Opportunity
  • Multiple Tenants

OVERVIEW

- **Strong Current Performance**: Generating an attractive 7.12%+ cap rate at the asking price - **Value-Add Opportunity**: Leases approaching term end within a year, presenting the perfect timing for rental rate adjustments - **Below-Market Rents**: Current tenants secured at below-market rates, setting the stage for immediate value enhancement - **Prime Location**: Situated in the growing Sanford market, benefiting from increasing consumer activity and population growth - **Diverse Tenant Mix**: Variety of established businesses ensuring steady cash flow and reduced risk - **Upside Potential**: Excellent opportunity to increase NOI through strategic leasing and property improvements This retail center represents a rare find in today's market - a stabilized asset with clear pathways to value appreciation. The current below-market rents provide an immediate opportunity to boost returns as leases roll over within the next year.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,992 SF

ZONING

GC2

APN/PARCEL ID

01-20-30-504-0600-0010

ASK ABOUT THIS PROPERTY

John HuebnerPremium Properties Real Estate ServicesMore Info
407-467-3607

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John HuebnerPremium Properties Real Estate ServicesMore Info
407-467-3607

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