5673 Highway 31Arcadia, FL 34266

Property Details for 5673 Highway 31

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

25.88 AC

Property size (Sq ft)

12,089 SF

Zone code

PUD

Property type

Individual retail properties

APN

27-38-25-0000-0070-0000

APU

273825000000700000

Description

This exceptional 31,929 square foot commercial property, situated on a 2.83-acre lot at 5673 SE Highway 31 in Arcadia, Florida, presents a unique investment opportunity. Previously utilized as a gymnasium for a state-owned juvenile justice center, the building offers significant potential for adaptive reuse as a warehouse or shop, complemented by existing office space. The versatile layout allows for a variety of commercial applications. The property enjoys a highly convenient location, just five minutes from Arcadia and a short 35-minute drive to Fort Myers, Punta Gorda/Port Charlotte, and Interstate 75, ensuring excellent accessibility and connectivity. The seller is offering attractive financing options with a 20% down payment. This presents a compelling chance to acquire a substantial commercial space in a rapidly developing area. Note that an adjacent property is also available for purchase separately, providing an opportunity to expand your holdings. The building's size and location make it ideal for businesses seeking a large footprint with easy highway access. This is a rare chance to acquire a significant commercial property in a growing market with flexible financing terms. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $4,713,893

  6.5%

  $4,351,286

  7%

  $4,040,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,111,426

  Geo Method

  $5,563,692

• Alternative Use

  Use

  Valuation

  Residential

  $3,670,472

  Hospitality

  $3,362,133

  Educational

  $2,797,255

  Medical

  $2,893,457

  Retail

  $4,351,286

Location Insight

City

Arcadia

County

Desoto

State

Florida

Latitude

27.1372

Longitude

-81.8043

CBSA code

11580

CBSA name

ARCADIA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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