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Corner Lot Gas Station / Redevelopment Opportunity (2 of 2 Available)



$745,000

FOR SALE

101 S French Ave

Sanford, FL

  • Down the street from the other retail redevelopment opportunity we are offering at 1800 French Ave for $799k
  • One third an acre (.33 Acres / 14,508 sq.ft.) corner lot of commercial land with a lot of street frontage.
    -117 feet of frontage on 4-lane highway (N US HWY 17-92).
    -124 feet of frontage on W 1st St.
  • This property offers a huge redevelopment opportunity for a national retailer as a NNN tenant.
  • This site is currently operating as a 4 pump Citgo gas station (560 sq.ft. of coverage) with a convenience store (1,400 sf).
  • The land is zoned SC-3 (Special Commercial). See the document below for zoning details.
  • The Annual Average Daily Traffic for French Ave in front of this parcel is 24,000 vehicles.
  • Business operator currently pays $3,500 on a month to month basis to use the owner's property and equipment.
  • The business had an NOI of $131,520 in 2018.
  • Station sold around 240,000 gallons in 2018.
  • Station had $180,000 indoor sales revenue in 2018.
  • Real Estate with Business = $825,000 (includes all inventory.)

Documents

 

  • Sale Comps $0K - $0K
  • Rental Comps $3,500 - $3,500
  • Property Type Commercial
  • Location Sanford, FL
  • Size 14508 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 297.5K
  • Annual Taxes $5,283
  • Year Built 1954

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