This is another beautiful historic building located in Sanford downtown. I did some research and here’s what I found out about the building:
The building was originally built in 1887 by H. M. Papworth. The style is a Romanesque revival and Turkish with an onion-shaped dome that you can see on the remaining tower. The initial purpose of the building was to serve as a hotel for rail and steam ship passengers. Throughout the year the Pico building also served as restaurant, hosted stores and a food catering business. The restoration of the building was completed in 1967. And here’s the solution to the name riddle: P-I-C-O stands for Plat Investment Company.
The Pico building is located at the Northeast corner of Commercial Street with Oak Avenue in Sanford FL. Today it houses office space.