3.1 ac Downtown Sanford Waterfront Development Site

1105 East Seminole Blvd Sanford, FL 32771

1105 East Seminole Blvd, Sanford, FL, 32771
Property aerial
1105 East Seminole Blvd, Sanford, FL, 32771
FOR SALE FOR LEASE
Property Type:
Multifamily Land
Amount:
$1,750,000
Last Verified:
Apr 25, 2019

Highlights


Description

This beautiful high intensity waterfront development property is the cherry on top of the vibrant and exciting Downtown Sanford revival! Being at the Eastern end of the waterfront allows for privacy and lower traffic flows. This makes an ideal multifamily, ALF, medical office or mixed use opportunity. The County owns the adjacent parking lot and may have interest in a sale to round out the endcap.

This beautiful high intensity waterfront development property is the cherry on top of the vibrant and exciting Downtown Sanford revival! Being at the Eastern end of the waterfront allows for privacy and lower traffic flows. 1/10th of a mile to the Splash Pads and recreational facilities at Fort Mellon Park. The property directly West is the large Historic Landmark Mayfair building which was just purchased and is being restored to its former glory as an operating waterfront boutique hotel once again! Additionally, the large scale Heritage Park project featuring 235 residential units, 35,750 sf of retail and restaurant uses and 8,550 sf of office uses has just broken ground a few blocks away. The Seminole County government building is directly across the street drawing business professionals to the area as well. This may be a target redevelopment in the future as well.
All of this activity makes the subject site an ideal multifamily, ALF, medical office or mixed use opportunity.

One of the most beautiful waterfront development locations in Seminole County. Just a 4 miles to both Interstate 4 and Hwy 417.

Lot Size: 3.1 acres

Units for Lease

Ground Lease Development Opportunity
Space Available: 135036 SF
Lease Type:

Price Per Sqft/Year: $200000.0

Map of 1105 East Seminole Blvd, Sanford, FL, 32771

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.