Listing provided courtesy of KROLL REALTY GROUPas Distributed by MLSGrid- MLS# MFRO6355722MLS Provider

121 E 1ST STREET #101SANFORD, FL 32771

Commercial · 7,987 Sq. ft. | 0.10 Acres
$1,500,000 Active

121 E 1ST STREET #101 Overview

Time on Site:
245 days
Visits:
0

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.

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121 E 1ST STREET #101 Facts & Features

  • Type Commercial
  • Sq. ft. 7,987
  • Price/Sq.ft. $188
  • Lot 0.10 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1920

Location/Region

  • Country: US
  • County Or Parish: Seminole
  • MLS Area Major: 32771 - Sanford/Lake Forest
  • Subdivision Name: SANFORD TOWN OF
  • Township: 19

Tax Information

  • Tax Annual Amount: 14367.51
  • Tax Year: 2024

General Information

  • Ownership: Other
  • Parcel Number: 25-19-30-5AG-0303-0010
  • Property Condition: Completed
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: SC3

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 8008
  • Building Area Units: Square Feet

General Information

  • Building Features: Bathrooms,Columns,Extra Storage
  • Cooling: Central Air
  • Flooring: Ceramic Tile,Luxury Vinyl
  • Foundation Details: Slab
  • Heating: Central
  • Living Area: 7987
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 2
  • Window Features: Shades

Unit Information

  • Unit Number: 101

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Size Square Feet: 4154
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,Stucco

General Information

  • Road Frontage Type: Business District,City Street
  • Sewer: Public Sewer
  • Utilities: Public

121 E 1ST STREET #101 Neighborhood

Community

32771 (SANFORD) Demographics

38
Median Age
1,512
Population Density (per sq. mile)
46%
College Educated
$67,453
Estimated Median Income
12,812
Estimated Total Home Owners
7,674
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

121 E 1ST STREET #101 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

121 E 1ST STREET #101 Market Data

Based on the last 30 days in this zip code

$502,767
Average List Price
$240
Average Price per Square Foot
70
Properties Sold
98
Average Days on Market
379
Properties for Sale
Calculations provided by Reliance Network

121 E 1ST STREET #101 History

Date Event Value Agent
6/8/2026Source: My Florida Regional MLS Price Reduction
$1,500,000 -25.0%
4/20/2026Source: My Florida Regional MLS Price Reduction
$2,000,000 -10.5%
3/17/2026Source: My Florida Regional MLS Price Reduction
$2,235,000 -8.8%
2/19/2026Source: My Florida Regional MLS Price Reduction
$2,450,000 -18.3%
10/28/2025Source: My Florida Regional MLS Added to Database
October 28, 2025