550 West 1st Street, Sanford, FL, USA

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550 West 1st Street, Sanford, FL, USA

Sanford, FL 32771
Asking Price
$4.20M
Asset Type
Office
Class
Class B

What's Special

550 West 1st Street is situated in the historic downtown district of Sanford, Florida, characterized by its mix of preserved architecture and modern revitalization. The property is positioned within walking distance of the Lake Monroe waterfront and the First Street commercial corridor, which features a variety of local restaurants, retail shops, and municipal buildings. The location offers logistical convenience via proximity to U.S. Route 17-92 and is approximately one mile from the Sanford SunRail station, providing transit connectivity to the greater Orlando metropolitan area. The building is suited for professional service firms, including legal practices, accounting offices, or creative agencies seeking a central downtown presence. Its layout and location accommodate businesses that require proximity to local government offices or those prioritizing a walkable environment for employees and clients. The asset serves as a functional workspace for small to mid-sized enterprises looking for established office infrastructure within a growing submarket.

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NOI
$80,000
Cap Rate
1.90%
DSCR
0.32
Underwater
Cash-on-Cash
-13.45%
Monthly Payment
$20,797.461
Annual Cash Flow
$-169,569.527

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