×

Your Source For Flip, Income, & Wholesale Properties!

Active Properties

Corner Lot Gas Station / Redevelopment Opportunity (1 of 2 Available)



$799,000

FOR SALE

1800 S French Ave

Sanford, FL

  • Down the street from the other retail redevelopment opportunity we are offering at 101 S French Ave for $745k
  • Nearly half an acre (.46 Acres / 20,276 sq.ft.) corner lot of commercial land with a lot of street frontage.
    -154.31 feet of frontage on 4-lane highway (N US HWY 17-92).
    -129.4 feet of frontage on W 18th 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 (318 sq.ft. of coverage) with a convenience store (1,548 sf).
  • The land is zoned GC2 (General Commercial). See the document below for zoning details.
  • The Annual Average Daily Traffic for French Ave in front of this parcel is 27,500 vehicles.
  • Business operator currently pays $5,500 on a month to month basis to use the owner's property and equipment.
  • The business had an NOI of $172,044 in 2018.
  • Station sold around 300,000 gallons in 2018.
  • Station had $660,000 indoor sales revenue in 2018.
  • Real Estate with Business = $875,000 (includes all inventory.)

Documents

 

  • Sale Comps $0K - $0K
  • Rental Comps $5,500 - $5,500
  • Property Type Commercial
  • Location Sanford, FL
  • Size 20276 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 231.5K
  • Annual Taxes $4,226
  • Year Built 1958

© Bank On It 2019 Terms of Use Privacy Policy