The Westerfield Building
Orlando MSA (Sanford) Mixed-Use Investment Opportunity | 4,930 SF
Marketing description
The Westerfield Building is a 4,930 SF mixed-use building located in Downtown Sanford, Florida, the submarket's most sought after retail and dining neighborhood. Currently 100% leased to a diverse retail and office tenant base (six tenants), the property represents one of the most unique investment opportunities in the Sanford / Lake Mary market. The property includes prized SC-3 zoning (2.0 FAR), a special Waterfront Downtown Business District (WDBD) intended to facilitate higher density commercial development in Sanford's downtown core. Each of the eight office / retail suites includes private exterior entries (no internal common hallways), individual restrooms including some units with full shower facilities, direct frontage onto East 3rd Street, and ample on-site parking, a distinct leasing advantage over comparable mixed-use properties. This rare combination of on-site amenities in Downtown Sanford has generated significant tenant demand and led to 100% property occupancy.
Investment highlights
Prime Downtown Sanford location within the Waterfront Business District
100% occupied by a diversified rent roll of office / retail tenants
Each suite has private entry, restroom facilities, interior office buildout, and 3rd St frontage
Sanford has experienced tremendous population growth and is one of the Orlando MSA’s most sought after markets
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