Located in Sanford, this property is minutes from historic downtown district, the Sanford Airport and local schools. This vacant lot consists of 4,000 square feet (40×100) and is zoned for R-1 Single Family Home. The lot previously had a single family home on it many years ago and was demolished in 1996.
This lot offers quite a few exit strategies the perfect buy and hold opportunity offering instant equity as land of similar acreage is currently selling for as high as $45,000. Solid opportunity for a builder to pick up this lot as new homes in the area have sold for as high as $350,000 offering over a 70k profit potential. An investor could also build a new construction property and with such a strong rental market with a potential APY north of 8%.
Vacant lots with so much versatility as this one tend to move quickly so please contact us to secure this opportunity today!