Under contract-accepting backup offers. BIG PRICE REDUCTION! Rare large commercial redevelopment site opportunity in red-hot downtown historic Sanford. Approximately 1.2 acres on 5 parcels on main thoroughfare through downtown, site has frontage and access from 3rd & 4th Streets. SC-3 Special Commercial zoning allows many commercial uses and can allow multi-family. Future Land Use is WDBD, Waterfront Downtown Business District, which allows for minimum set-backs, lower parking requirements, and up to 50 units/acre. Includes 3,760 sq ft historic warehouse built around 1910 with almost 2,000 ft covered porch – perfect for conversion to a microbrewery. Massive commercial and residential growth in the area. New restaurants & microbreweries are opening up the west end of historic downtown Sanford. Some of the buildings along 3rd St have fire damage. Please see survey and zoning docs.
Financial Considerations
Price:
$925,000
HOA Fee:
N/A
Tax Amount:
$4203
Price per SqFt:
$17.7
Tax Legal Description:
LOTS 6 7 & 8 & THAT PART OF MYRTLE STREET N OF 4TH ST & S OF RY BLK 5 TR 5 TOWN OF SANFORD PB 1 PG 58