Under contract-accepting backup offers. RARE investment opportunity in the heart of Sanford! This MULTI-FAMILY PROPERTY offers highly sought-after SC-3 zoning, a designation that rarely comes to market. SC-3 (Special Commercial-3) implements the Comprehensive Plan's "Waterfront Downtown Business District" designation, allowing for a unique mixed-use and general commercial zoning classification. Originally built in 1910, this well-maintained property sits on a fully fenced 0.13-acre lot. The main residence features 2 bedrooms and 1 bathroom, accessed through a welcoming screened front porch. Tucked behind the privacy fence is an ADDITIONAL 1-bedroom, 1-bathroom living space with its own screened porch and private entrance, offering excellent flexibility for rental income, multi-generational living, or a live/work opportunity. Ideally located just a short walk from vibrant Downtown Sanford, the property offers convenient access to local restaurants, boutique shopping, the scenic Lake Monroe waterfront, and the popular Paw Park. Enjoy the charm of Sanford's historic district while being close to breweries, entertainment, parks, community events, and everyday conveniences. Whether you're looking to generate rental income, establish a business, explore redevelopment opportunities, or own a unique property in one of Central Florida's fastest-growing areas, this property's zoning and location offer exceptional potential. Schedule your private showing today!