$2,000,000
121 1st Street
Sanford, FL 32771
Listing updated: April 20, 2026 at 1:49 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history174 days on market
- Status: ActiveOct 28, 2025
- Listed$3,000,000Oct 28, 2025
- Price reduced$2,000,000
Virtual Tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 174
- Subdivision
- Sanford Town Of
- County
- Seminole
- Year built
- 1920
- Living area
- 7,987 sq ft
- Price/sq ft
- $250
- Building area
- 8,008 sq ft (Public Records)
- Lot size
- 4,154 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- x
- Annual taxes
- $14,368 (2024)
- Parcel #
- 25-19-30-5AG-0303-0010
- Zoning
- SC3
- MLS #
- O6355722
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Interior Details
- Flooring
- Ceramic Tile, Luxury Vinyl
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Other
Exterior & Construction
- Construction materials
- Brick, Stucco
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2025-10-27
- On market date
- 2025-10-28
- Original list price
- $3,000,000
- Occupant type
- Vacant
- MLS area
- 32771 - Sanford/Lake Forest
- Listing AOR
- Orlando Regional
- Status changed
- 2025-10-28
- Tax legal description
- LOT 1 (LESS S 37.65 FT) & E 2.97 FT OF LOT 2 (LESS S 37.65 FT) BLK 3 TR 3 TOWN OF SANFORD PB 1 PG 58
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-4 go east on 46 and continue on 1st St, located next to clock in Magnolia Square.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of April 20, 2026 at 1:49 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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