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Shopping Strip

French Ave | Value-Add | 9.89% CAP Pro Forma

2300 S French Ave, Sanford, FL 32771

Listing Price: $1,895,000

Cap Rate
9.89%
Rentable SF
20,000
Lot Size
0.94 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a value-add retail center on 0.94 acres in a highly developed retail corridor in Sanford, FL. This investment opportunity provides a buyer value-add potential to lease vacant space at current market rent. The building has 20,000 rentable sf divided into three units with 25 parking spaces.

Investment Highlights

  • Property sits on one of the most heavily trafficked retail corridors in Seminole County with a high daily VPD count of 27,500
  • Hard corner with direct frontage to French Avenue on almost 1 acre
  • Ideal retail location approximately 1 mile from the primary intersection in Sanford of French Avenue and 1st Street
  • Building has 20,000 rentable sf with 68% occupancy
  • Long-term national tenant, Value Pawn & Jewelry, occupying over 40% of the building

Exclusively Listed By

Financing By

Shopping Strip

French Ave | Value-Add | 9.89% CAP Pro Forma

Listing Price: $1,895,000

Cap Rate
9.89%
Rentable SF
20,000
Lot Size
0.94 acres
Year Built
1973

Investment Highlights

  • Property sits on one of the most heavily trafficked retail corridors in Seminole County with a high daily VPD count of 27,500
  • Hard corner with direct frontage to French Avenue on almost 1 acre
  • Ideal retail location approximately 1 mile from the primary intersection in Sanford of French Avenue and 1st Street
  • Building has 20,000 rentable sf with 68% occupancy
  • Long-term national tenant, Value Pawn & Jewelry, occupying over 40% of the building

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a value-add retail center on 0.94 acres in a highly developed retail corridor in Sanford, FL. This investment opportunity provides a buyer value-add potential to lease vacant space at current market rent. The building has 20,000 rentable sf divided into three units with 25 parking spaces.

Exclusively Listed By

Financing By

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