Commercial Sale · Mixed Use
121 E 1ST STREET UNIT 101, SANFORD, FL, 32771
Active277 days on marketListed Oct 28, 2025MLS #O6355722
About this property
The property at a glance
PRICED BELOW APPRAISAL! Don’t miss this rare opportunity to own a remodeled historic commercial building in the most desirable location in Downtown Sanford’s vibrant First Street business district. Perfectly positioned between 1st Street and Magnolia to be among the city’s bustling shops, restaurants, and entertainment venues, this property offers unmatched visibility and endless potential for investors or owner-users alike. Meticulously updated from top to bottom, the building combines modern functionality with timeless character and craftsmanship. The first floor features an expansive open-concept layout ideal for mixed-use applications such as retail, restaurant, office, or event space. With its original exposed brick walls, soaring open-air ceilings, three bathrooms, and a convenient kitchenette, this level provides an inviting, flexible space ready to adapt to any business vision. The second floor, with its impressive two-story ceilings, offers a thoughtfully designed professional setting featuring eight private offices, a break room, and a restroom. Front-facing windows have been soundproofed, maintaining a peaceful work environment even when downtown is lively below. Recent upgrades include fresh interior paint, new LVP flooring on the first floor, new carpet on the second floor, a new A/C system installed in 2023. Every detail has been attended to, ensuring this historic property is as functional as it is beautiful. Blending classic architectural charm with contemporary updates, this building is an ideal investment opportunity as it is located in Central Florida’s most walkable and rapidly growing downtown corridors. Building is Zoned SC3 which has a lot of potential use.
8,008
Building sq ft
$187
Price / sq ft
0.1
Lot acres
1920
Year built
1
Building
SC3
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$8,102/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
878
Population
$46,383
Median income
63
Median age
2
Avg household
$194,548
Median home value
$1,229/mo
Median rent
57%
Households w/ kids
Consumer profile
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Characterized by their appreciation for all things whiskey, this population enjoys the classy atmosphere of whiskey drinking and learning about different brands.
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Recent sales
What actually sold near 121 E 1ST STREET UNIT 101
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$17,940
100 COMMERCE WAY UNIT A
6,000 sqft · $3/sqft · Sold Feb 10, 2025
$800,000
223 W 3RD STREET
3,760 sqft · $213/sqft · Sold Jun 10, 2025
$172,100
2154 N BEARDALL AVENUE
2,645 sqft · $65/sqft · Sold Nov 1, 2024
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 121 E 1ST STREET UNIT 101 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 121 E 1ST STREET UNIT 101.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of KROLL REALTY GROUP · Holly Kroll. MLS #O6355722.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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