2563 PARK DR Sanford FL 32773

# Location Summary: 2563 Park Dr, Sanford, FL 32773

## Overview

The subject property is strategically located in Sanford, Florida, a vibrant city in Seminole County, part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area. Sanford has been experiencing steady growth, making it an attractive location for commercial real estate investments.

## Accessibility

- Conveniently situated near major thoroughfares:

- Approximately 3 miles from I-4, providing easy access to Orlando and Daytona Beach

- Close proximity to SR 417 (Central Florida GreeneWay), facilitating connections to the wider Orlando metro area

- Orlando Sanford International Airport is within a 15-minute drive, enhancing the area's appeal for businesses and residents

## Demographics

- Sanford population: Approximately 60,000 (as of latest estimates)

- Seminole County population: Over 470,000

- Median household income in Sanford: $50,000 - $60,000 (verify current data)

- Projected population growth rate: Above state average

## Local Economy

- Diverse economic base including healthcare, retail, and technology sectors

- Major employers in the area include:

- Orlando Sanford International Airport

- Central Florida Regional Hospital

- Seminole State College of Florida

## Nearby Amenities

- Retail: Seminole Towne Center mall within 5 miles

- Education: Multiple public and private schools in close proximity

- Recreation:

- Lake Monroe Waterfront & RiverWalk

- Central Florida Zoo & Botanical Gardens (within 10 miles)

## Development and Growth

- Sanford is experiencing ongoing development, particularly in its historic downtown area

- The city has been focusing on attracting new businesses and promoting economic growth

- Recent and planned infrastructure improvements enhance the area's appeal

## Market Outlook

- Sanford's real estate market has shown resilience and growth

- Commercial properties in the area have been experiencing steady demand

- The city's proximity to Orlando and its more affordable real estate options make it attractive for businesses looking to expand or relocate

This location offers a blend of small-town charm with the advantages of being part of a major metropolitan area.​ Its strategic position, coupled with Sanford's growth initiatives, presents a promising environment for commercial real estate investments.​

*Note: Specific demographic and economic data should be verified with the latest available information from official sources.​*

## Key Highlights:

- **Strong Current Performance**: Generating an attractive 7.70%+ cap rate at the asking price

- **Value-Add Opportunity**: Leases approaching term end within a year, presenting the perfect timing for rental rate adjustments

- **Below-Market Rents**: Current tenants secured at below-market rates, setting the stage for immediate value enhancement

- **Prime Location**: Situated in the growing Sanford market, benefiting from increasing consumer activity and population growth

- **Diverse Tenant Mix**: Variety of established businesses ensuring steady cash flow and reduced risk

- **Upside Potential**: Excellent opportunity to increase NOI through strategic leasing and property improvements

This retail center represents a rare find in today's market - a stabilized asset with clear pathways to value appreciation. The current below-market rents provide an immediate opportunity to boost returns as leases roll over within the next year.