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203 3rd StOrlando, FL 32824
The Westerfield Building
Asset ClassOffice, Retail, Mixed Use
4,930 SF Mixed-Use Investment Opportunity
overview of deal

Overview

203 E 3rd Street is a 4,930 SF mixed-use building located in Downtown Sanford, Florida, the submarket's most sought after retail and dining neighborhood. Currently 100% leased to a diverse retail and office tenant base (six tenants), the property represents one of the most unique investment opportunities in the Sanford / Lake Mary market. The property includes prized SC-3 zoning (2.0 FAR), a special Waterfront Downtown Business District (WDBD) intended to facilitate higher density commercial development in Sanford's downtown core. Each of the eight office / retail suites includes private exterior entries (no internal common hallways), individual restrooms including some units with full shower facilities, direct frontage onto East 3rd Street, and ample on-site parking, a distinct leasing advantage over comparable mixed-use properties. This rare combination of on-site amenities in Downtown Sanford has generated significant tenant demand and led to 100% property occupancy.

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Investment Highlights

COUNTY: Seminole

MARKET: Orlando MSA

SUBMARKET: Sanford

BUILDING SF: 4,930 SF

LAND ACRES: 0.28

LAND SF: 12,110 SF

YEAR BUILT: 1974

CURRENT OCCUPANCY: 100%

APN: 25-19-30-5AG-0502-0090

OWNERSHIP TYPE: Fee Simple

SITE PARKING SPACES: 22

NUMBER OF BUILDINGS: 1

NUMBER OF STORIES: 2

 

 

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203 3rd StOrlando, FL 32824

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