917 Oak StArcadia, FL 34266

Property Details for 917 Oak St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.62 AC

Property size (Sq ft)

7,674 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Strip malls

APN

31-37-25-0016-2080-0050

APU

313725001620800050

Description

This exceptional 10,000-square-foot shopping center in Arcadia, Florida, presents a compelling investment opportunity. Located at 917 E Oak St, this single-story, 1979-built property (fully renovated in 2023) boasts a prime location on a bustling thoroughfare, ensuring high visibility and accessibility. The property features a mix of six tenants, including four national brands, two regional, and one local, resulting in 100% occupancy since September 21, 2021. The gross lease structure provides a stable income stream with a remaining lease term of four years on a five-year agreement. The property's Net Operating Income (NOI) is $93,886, yielding a 5.07% cap rate. The 6,600 square feet of net rentable space is complemented by 40 parking spaces and a generous 34,332-square-foot lot, offering significant land value at $281 per square foot. The B-3 zoning allows for diverse commercial uses. This stabilized investment, with its strong tenant mix and established location, offers a secure and profitable return. The asking price is $1,850,000, representing a price per square foot of $185. The property is owned by ARCADIA PLAZA LLC and has a DeSoto County APN of 31-37-25-0016-2080-0050. This is a rare opportunity to acquire a well-established, high-performing commercial property in a thriving Florida market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,992,342

  6.5%

  $2,762,161

  7%

  $2,564,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,879,484

  Geo Method

  $3,531,786

• Alternative Use

  Use

  Valuation

  Residential

  $2,329,986

  Hospitality

  $2,134,255

  Educational

  $1,775,675

  Medical

  $1,836,743

  Retail

  $2,762,161

Location Insight

City

Arcadia

County

Desoto

State

Florida

Latitude

27.2119

Longitude

-81.8486

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].