Property Description

Reduced Price! Arcadia’s most famous and historic building, the pink Koch Building, has terrific income! The center piece of the thriving tourist antique district of Arcadia. Includes 30-plus rental units including up to 25 one bedroom, one bath residential apartments, two restaurants, two large retail (antique) store fronts, and a Saloon. The building is nearly 100% occupied. P&L provided to pre-qualified buyers upon signing a confidentiality agreement. In 1922, Simon Rosin purchased the property for the Arcade. He secured a ten-year contract with the United States Post Office for the south half of building. In 1926, Rosin hired Contractor Ralph Cannon to build the Arcade at a cost of $112,354.00?according to a newspaper article published on May 28, 1926. In 1976, the Koch family closed most of the building as deteriorated and unusable. However, the structure was purchased by the current owner in November 1989, and they restored the building with apartments upstairs and commercial spaces downstairs. This truly a unique opportunity to own a piece of history which has a great income stream.

Features
: Central, Zoned/multiple
: Built up, Membrane
: Fire hydrant, Street lights, City water, Electric, Sewer, Sprinkler meter
: Sidewalk
No
No
No
Block
Click here
Location
US
FL
DeSoto
ARCADIA
34266
ORIGINAL SURV/ARCADIA
101 W OAK ST
In the middle of Downtown Arcadia's Historic District.
Additional Information
30
1 to 2 Years,3 to 5 Years,Tenant Pays Electric,Ten
Annual
$14,178
2016
2 Levels
Memorial Elementary School
Mac Martin
25-37-24-0012-0420-0010
B-2
31,058 Sqft
: None, Street parking
: In city limits, Street paved, Corner lot, Sidewalk, Historic district
United Country Gulfland R.E.
Mac Martin

Income For sale

101 W OAK STREET ARCADIA, Florida 34266

0.71 Acre
$975,000
MLS# #C7239274
Basic Details
Property Type : Income
Status : Active
Property Style : Five or More
Listing Type : For sale
MLS# : C7239274
Price : $975,000
Price per SqFt : $31
Sq Ft Heated : 31,080 Sqft
Square Foot Source : Public records
Year Built : 1926
Acres : 0.71 Acre
Agent info
Realtyna LLC
113 Barksdale Professional Center, Newark, DE, 19711
Contact Agent