Listed by KW Commercial VG Realty
$420,000
409 Carthage St
Details
Property Type Mixed Use
Square Footage 5,573
Units 3
Tenancy Multi
Price per SqFt $75
Class B
Year Built 1920
Buildings 1
Acreage 0.290
Zoning C-2
Parking Spaces 15 spaces
Parking per 1,000 SqFt 2.69
Investment Type Value Add
Ground Lease No
Downtown Sanford Trophy Corner - 5,573 SF Value-Add Mixed-Use Investment
Marketing description
Rare opportunity to own a high-visibility corner asset in Sanford's Central Business District. This 5,573 SF mixed-use building sits on 0.29 acres with dual street frontage and delivers three income-producing units, 15 paved on-site spaces, and in-place cash flow. Strategic positioning supports owner-occupant, investor, or redevelopment plays. C-2 zoning, no flood risk, full public utilities, and adjacent Prince Hotel site cleared for new development drive substantial upside. Comparable downtown Sanford CBD sales have traded as high as $122/SF, significant value-creation runway for the right operator. Downtown momentum is accelerating. Act decisively.
Investment highlights
- Hard-Corner CBD Site - 100' x 127' Dual Street Frontage
- 5,573 SF Mixed-Use | 3 Income-Producing Units
- C-2 Zoning | 15 Paved Spaces | Full Public Utilities
- Value-Add Upside - Area Comps Trading to $122/SF
- Adjacent Prince Hotel Site Cleared for Redevelopment
Listing Contacts
Listed by KW Commercial VG Realty
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