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$1,000,000

  • For Sale
  • Active
  • Commercial
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Here is your chance to own an Income Producing Property in the Heart of Sanford's Historic. Property is located on Magnolia Square right in between 1st Street and 2nd Steet. There is always something going in Magnolia Square, from the Farmer's Market every Saturday to the many events the City and other groups put n during the year. Great Rental History with Long Term Tenants. Building is Zoned SC3 which allows for many uses. Fresh Exterior Paint, Doors and Awning. New Roof Feb of 2024!!!!!!!

Full Property Details for 106 Magnolia Ave

General

  • Price: $1,000,000
  • Taxes: $5,974 (2022)
  • Status: Active
  • Type: Commercial
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6116386
  • Updated: 8/14/2025
  • Added to Site: 1, 037 day(s) ago

Rental Information

  • Complex Features: Bathrooms, Common Lighting, Elevator – None

Interior

  • Flooring: Carpet, Engineered Hardwood, Tile

Parking

  • Parking Features: Other

Location

  • Area: 32771 - Sanford/Lake Forest
  • County: Seminole
  • Development Name: 32771 - Sanford/Lake Forest
  • Subdivision: SANFORD TOWN OF
  • Driving Directions: Park Avenue to 2nd Street. East on 2nd Street to Magnolia Avenue. Building is on the left on Magnolia Square.

Community

  • Community Name: 32771 - Sanford/Lake Forest

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Brick
  • Roof: Other
  • Windows: Display Window(s)
  • Stories/Levels: Two
  • Square Feet: 3,952
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size (Sq. Ft.): 1,975
  • Lot Size: 1975
  • Frontage: Street Lights, Business District, City Street
  • Street/Road Desc.: Brick

Financial Considerations

  • Tax Amount: $5,974
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Sole Proprietor
  • Special Conditions: None
  • Legal Description: S 37.65 FT OF LOT 1 & S 37.65 FT OF E 2.97 FT OF LOT 2 BLK 3 TR 3 TOWN OF SANFORD PB 1 PG 58
  • Flood Zone Info: X
  • APN: 2519305AG0303001A
  • Property ID: 2519305AG0303001A
  • Block/Lot/Section: 3

Listed by Jernigan Properties, Inc.

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Listing agent

— 106 Magnolia Ave —

  • Jernigan Properties, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 106 Magnolia Ave

School District:Seminole County School District
NameGradesDistance
Hamilton Elementary School
1501 East 8th Street, Sanford, FL 32771
K-51 mi
Midway Elementary School
2368 Brisson Avenue, Sanford, FL 32771
K-52.2 mi
Pine Crest Elementary School
405 West 27th Street, Sanford, FL 32773
K-52.4 mi
Markham Woods Middle School
6003 Markham Woods Road, Lake Mary, FL 32746
6-87.2 mi
Seminole High School, Sanford, FL
2701 Ridgewood Avenue, Sanford, FL 32773
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 106 Magnolia Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/14/2025
Price Reduced
$1,000,000
-13.04%
MLS
6/05/2023
Listed
$1,150,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 106 Magnolia Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,885
17%
$451,977
2%
2024
$6,743
7%
$441,561
3%
2023
$6,310
29%
$427,583
60%
2021
$4,885
-18%
$267,748
-37%
2022
$5,974
22%
$425,434
57%
2021
$4,885
-2%
$270,531
—
2019
$5,003
4%
$269,365
5%
2018
$4,795
2%
$255,449
4%
2017
$4,679
-2%
$245,728
3%
2016
$4,794
-3%
$239,170
-1%
2015
$4,934
1%
$242,420
-1%
2014
$4,892
—
$245,671
3%
2013
$4,874
—
$239,047
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Jernigan Properties, Inc.

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106 Magnolia Avenue, Sanford, FL 32771 (MLS# O6116386) is a Commercial property. 106 Magnolia Avenue is currently listed for $1,000,000 and was received on June 06, 2023. Want to learn more about 106 Magnolia Avenue? Do you have questions about finding other Commercial real estate for sale in Sanford? You can browse all Sanford real estate or contact a Coldwell Banker agent to request more information.

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