1307 S Park AvenueSanford, FL 32771Sale Price: $1,550,000

Park Place Inn and Cottages is a unique property and Inn concept developed and built over a period of 32 years of hard work and labour of love. Located in Sanford Historic District and once known as the classic European Rose Cottage Tea Room, it is only a few blocks from the downtown shops and restaurants, Lake and Marina. Park Place Inn has gain its extraordinary reputation as being the most charming market place in Sanford for its quality of service, mature landscaping, romantic outdoor sitting, the wisteria arbors, and the quaintness of it all. Nestle at the corner of Park Avenue with 13th Street the property spreads out on 2 parcels: 1301 and 1307 South Park Avenue, with its own private parking for 12 cars, easy handicap access to all the downstairs areas and very nice interior courtyards and Pergolas. A very well established vacation rental rated 4.5 stars by Booking.com the compound offers 10 beds total in three 2 stories buildings: First cottage we call Historic Craftsman Cottage has 4 beds (2 en suite Masters and 2 other bedroomS), and 3 and half baths. Second cottage we call Live Oak which offers 3 units: Chefs Suite was built in 2018 from the ground up and is a 1 bedroom apartment with an open floor plan, travertine, subzero refrigerator, glass door pantry, hood, gas, granite, fireplace, washer and dryer and a beautiful kitchen. Coastal cottage is a 2 bedroom 1 bath apartment located on the second floor and having access to the balcony, a very nice living room and kitchenette and a separate downstairs laundry room that serves as the housekeeping for the entire Inn. The Chic Studio is downstairs, a generous 600 + studio with a king size bed, kitchenette and a seamless handicap access shower built in 2019. The 3rd building we call Ivy Cottage is sort of a duplex. Upstairs is a soaring ceiling 2 bedroom, one bath with a generous living room and kitchen, washer and dryer. Downstairs is a restaurant space with a commercial kitchen and a hood ventilating system and a very beautiful dining room with double French windows built in and two half baths, grease trap and all. There is a walk in cooler however all of the restaurant equipment belongs to the tenant who is moving at the end of April. Equipment is available for a separate purchase. The space could be leased before the property sell for $4000/moth NNN lease.