Corner Lot Gas Station / Redevelopment Opportunity (2 of 2 Available)
$800,000
SOLD
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.)