34 Oak StArcadia, FL 34266

Property Details for 34 Oak St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

15,840 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

25-37-24-0012-0030-0060

APU

253724001200300060

Description

This exceptional investment opportunity encompasses two strategically located retail buildings and a substantial parking lot in the thriving Arcadia, Florida market. The main building, situated at 34 W Oak Street, boasts a prominent corner location and offers a generous 15,840 actual square feet (15,760 base square feet) of retail space. Constructed in 1920, this building has recently undergone significant improvements, including a brand-new roof, ensuring long-term value and reduced maintenance costs. The second building, located at 14 N Polk Ave, provides an additional 1,473 actual square feet (882 base square feet) of retail space, built in 1965. Ample parking is guaranteed with a dedicated 5,327.5 square foot parking lot conveniently situated on N Polk Avenue. The combined properties occupy a sizable 17,220 square feet of land, representing a significant 0.39-acre lot. This combined property offers a unique opportunity to acquire a substantial retail presence in a high-traffic area, with the potential for diverse uses and significant return on investment. The asking price for this exceptional property is $900,000. This is a rare chance to own a well-established retail center with significant upside potential. Don't miss this opportunity to secure a prime piece of Arcadia real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $6,176,530

  6.5%

  $5,701,412

  7%

  $5,294,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,007,693

  Geo Method

  $7,290,005

• Alternative Use

  Use

  Valuation

  Residential

  $4,809,354

  Hospitality

  $4,405,342

  Educational

  $3,665,193

  Medical

  $3,791,245

  Retail

  $5,701,412

Location Insight

City

Arcadia

County

Desoto

State

Florida

Latitude

27.216

Longitude

-81.8612

CBSA code

11580

CBSA name

ARCADIA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].