Size is also a factor, Brenner said. "There are not that many larger parcels along 46 in that area," which is just east of Sanford's train overpass.
The land was almost sold a year ago for apartments, but the deal fell through. It is zoned for multi-family, which allows 50 units per acre.
And its proximity to the hospital could make medical offices appealing along the land that fronts SR 46, Brenner said.
But the property is up against competition in Sanford, which still has plenty of available land.
"There is availability for development and redevelopment in the area," said Eileen Hinson, the city's development services manager. "There are some pretty large parcels and there is also the option of putting together parcels."
The area "still has more room to grow," Hinson said.