2884 Orlando Dr
Sanford, FL 32773
Property For Lease
![2884 Orlando Dr, Sanford, FL for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/o0Spyc3c-Z4PRNfhuCLRYCPgM63f4GfOjfEnRBNe1pI/110/2884-Orlando-Dr-Sanford-FL-Building-Photo-1-Large.jpg)
PROPERTY FACTS
Property Type | Retail |
Property Subtype | Freestanding |
Gross Leasable Area | 4,900 SF |
Year Built | 2003 |
Parking Ratio | 9.54/1,000 SF |
ABOUT THE PROPERTY
THIS IS AN OPPORTUNITY ZONE PROPERTY. Please find attached to this site a review, with links, to learn more about this program that offers buyers of properties within this zone advantageous reductions in tax liabilities for the real estate. Please ask the real estate broker if you should have any questions regarding the benefits of an OPPORTUNITY ZONE PROPERTY. This property would be well served by either of the following: 1. A single owner/user or tenant. 2. An owner/user needing a portion of the space that would like to generate income off the balance, to help pay the mortgage. 3. An investor desiring to turn this property into a multi-tenant office/retail asset by reducing the average Suite size to 1,225 SF +/-, thereby obtaining 4 suites within the building with space sizes that better serve a higher number of small business office/retail users. 4. A hybrid of the aforementioned possibilities with the addition of an executive suites concept within a single suite delivering small offices units with an unmanned technology driven reception counter and an inhouse available shared conference room. Dependent upon the delivery, size, and makeup of tenancy, lease rates at or about $18.50 PSF NNN would generate an estimated NOI: $90,650 and an estimated income value at or about $1.3 M or higher. This is a well situated potential multi-tenant free standing 4,900 SF building, built 2003, situated along busy US Hwy 17-92, located close to on and off ramps for SR 417. The building and interior are in good condition. There is a larger breakroom and 2 entrances, one double door entrance for each of the parking areas supporting the building. One is on the south side of the building, one on the west side of the building. The west entry makes for the most ideal main entrance to the property. There is an abundant amount of parking for the property: 46 +/- spots, a parking ratio of just over 9.3 per 1,000 SF of building - nearly twice as much parking as most high parking ratio properties (high = 5 spots per 1,000 SF). Given the proximity to SR 417 - which provides easy access to all of Orlando and the rest of Florida - South, East, West, and North, the site makes for a convenient and strategic office location for small, medium, or large scale companies alike. US Highway 17-92 fronting the property provides a daily traffic count of nearly 29,000 vehicles per day passing by the site offering powerful daily impressions for your office/business to the commuting public. Given its location just off SR 417, those searching the internet for your services, or client's wishing to visit your office for consultation, an easy commute to the property.
- Bus Line
Listing ID: 20134032
Date on Market: 7/2/2020
Last Updated:
Address: 2884 Orlando Dr, Sanford, FL 32773
The Sanford Retail Property at 2884 Orlando Dr, Sanford, FL 32773 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS
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