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212 W 1st St 10,810 SF 100% Leased Retail Building Sanford, FL 32771 $3,750,000 ($346.90/SF) 7.93% Cap Rate
Investment Highlights
- Located in Sanford’s redeveloping historic commercial corridor with strong pedestrian traffic.
- Proximity to Lake Monroe waterfront and walking distance to popular retail and dining destinations.
- Multiple value-add strategies available through tenant mix adjustments and expanded programming initiatives.
- Fully operational food hall infrastructure including trained staff and established vendor network transfers with sale.
- Three-year track record of consistent occupancy and stable cash flow for investment certainty.
- Positioned within an active downtown district known for breweries, specialty shops, and cultural events.
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,810 SF
Building Class
B
Year Built/Renovated
1940/2019
Price
$3,750,000
Price Per SF
$346.90
Cap Rate
7.93%
NOI
$297,462
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
1.30 AC
Zoning
SC-3 - Regional Shopping Center Zone
Parking
100 Spaces (12.5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Corner Lot
- Food Court
- Signage
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-19-30-5AG-0205-0030 | Improvements Assessment | $573,690 |
| Land Assessment | $692,384 | Total Assessment | $1,266,074 |
Property Taxes
Parcel Number
25-19-30-5AG-0205-0030
Land Assessment
$692,384
Improvements Assessment
$573,690
Total Assessment
$1,266,074
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Contact the Sale Advisor
212 W 1st St