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$2,450,000 -$550,000 (-18.33%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 121 E 1st St #101
General
- Price: $2,450,000
- Taxes: $14,367 (2024)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: O6355722
- Updated: 2/19/2026
- Added to Site: 120 day(s) ago
Rental Information
- Complex Features: Bathrooms, Columns, Extra Storage
Interior
- Flooring: Ceramic Tile, Luxury Vinyl
Location
- Area: 32771 - Sanford/Lake Forest
- County: Seminole
- Development Name: 32771 - Sanford/Lake Forest
- Subdivision: SANFORD TOWN OF
- Driving Directions: From I-4 go east on 46 and continue on 1st St, located next to clock in Magnolia Square.
Community
- Community Name: 32771 - Sanford/Lake Forest
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Brick, Stucco
- Windows: Shades
- Square Feet: 7,987
- Sq. Ft. Source: Public Records
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,154
- Lot Size: 4154
- Frontage: Business District, City Street
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $14,367.51
- Tax Year: 2024
Disclosures and Reports
- Ownership: Other
- Special Conditions: None
- 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 Zone Info: x
- APN: 2519305AG03030010
- Property ID: 2519305AG03030010
- Block/Lot/Section: 3
Listed by Kroll Realty Group
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Schools
Schools serving 121 E 1st St #101
School District:Seminole County School District
| Name | Grades | Distance |
|---|---|---|
Hamilton Elementary School 1501 East 8th Street, Sanford, FL 32771 | K-5 | 1 mi |
Midway Elementary School 2368 Brisson Avenue, Sanford, FL 32771 | K-5 | 2.3 mi |
Pine Crest Elementary School 405 West 27th Street, Sanford, FL 32773 | K-5 | 2.4 mi |
Markham Woods Middle School 6003 Markham Woods Road, Lake Mary, FL 32746 | 6-8 | 7.2 mi |
Seminole High School, Sanford, FL 2701 Ridgewood Avenue, Sanford, FL 32773 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 E 1st St #101
Date
Details
Price
Change
Source
2/19/2026
Price Reduced
$2,450,000
-18.33%
MLS
10/28/2025
Listed
$3,000,000
391.8%
MLS
12/30/2013
Sold
$610,000
—
Public Record
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
Tax History for 121 E 1st St #101
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,368
—
$989,660
13%
2024
$14,368
100%
$875,989
7%
2023
100%
$818,826
18%
2022
100%
$696,367
18%
2021
100%
$591,319
—
2020
-100%
$593,217
17%
2013
$10,329
—
$506,596
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 121 E 1st St #101
121 E 1st Street #101, Sanford, FL 32771 (MLS# O6355722) is a Commercial property. 121 E 1st Street #101 is currently listed for $2,450,000 and was received on October 28, 2025. Want to learn more about 121 E 1st Street #101? 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.

