Dallas-based real estate investor and developer Leon Capital Group paid $2.95 million on Sept. 29 for the funeral home site and adjacent lots totaling 1.52 acres.
Located across 1308, 1324 and 1350 W. Fairbanks Ave., the property lies within a block of S. Orlando Avenue, and walking distance to the city's MLK Jr. Park.
The Winter Park business is owned by an affiliate of Texas-based Legacy Funeral Group, which acquired it in a portfolio of five funeral home properties in 2014 that include locations in Orlando, Winter Garden and Apopka.
The parent company is now seeking a new location for the Carey Hand Cox-Parker Funeral Home within Winter Park "that will accommodate our customer families more than we currently have," Sparks said.
Legacy Funeral did not confirm if the company has selected a real estate brokerage firm to aid its search for a larger property in the city.
Sparks said all current customers and pre-needed policy holders can count on Carey Hand Cox-Parker Funeral Home to remain in business indefinitely, and be supported by its four sister properties in the area.
The W. Fairbanks Avenue site is being marketed as land for lease or build-to-suit opportunities for a multi-tenant retail building of up to 7,734 square feet with a drive-thru, and a 5,606-square-foot medical office building, by Colliers International Central Florida's Christin Jones and Genny Hall.