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223 W 3RD STREET

Lots/Land Recently Sold
$800,000

BTC: 13.33333333

ETH: 458.19014891

Sold on: 2025-06-10
119 days
0 room(s)

Overview

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.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
1.20 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$199,750
$79K – $787K
Confidence Low
List vs. estimate
$725K above estimate
List $925,000 · +363.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,203
2023
All facts and features
  • Lot

    • Lot: 1.20 Acres

    Other Property Information

    • Parcel Number: 2519305AG05050060

    • Zoning: SC3

  • Type and style

    • Property Type: Land

  • Utility

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,203

  • Source details

    • MLS ID: O6251307

    Other facts

    • Water Source: Public

    • Lot Size Dimensions: IRR

    • Subdivision Name: SANFORD TOWN OF

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY