Mixed Use Property on Huge Lot W 1st St. Sanford, FL. 32771
Price Renegotiated – Reduced over $25,000!
Huge lot, Value add opportunity in Sanford. The property is divided into two main houses. It has 2 bedrooms upstairs,1 big bedroom downstairs with a chimney and 1 bathroom. It has a lobby at the entrance and there is an office that used to be a call center with a smaller lobby. The commercial office has 1 bathroom.
You should do your due diligence regarding zoning but it looks like you can rent to both commercial and residential tenants.
Also, you look into subdividing the lot and building a new house on the lot facing 2nd ave. Its just an idea but there was a new 3/2 1600 SQFT house that sold for $265k.