920 Mills Ave, Arcadia, FL 34266
This exceptional 7,266 sq ft commercial building in Arcadia, FL, sits on a 0.95-acre lot and is priced at $1,299,900. Currently generating over $11,500 monthly in rental income, this property presents a significant investment opportunity. The building boasts a newly installed roof and A/C system, ensuring low maintenance costs. Its prime location across from DeSoto Hospital and the police station offers high visibility and accessibility. The property features a fully operational TV studio, ideal for streaming or broadcasting, along with ample parking. High-speed fiber internet, exceeding 200 MB upload speeds (owner-installed), enhances its appeal. Additional amenities include a full security system, executive shower, kitchen, and a well-maintained picnic area. The building is suitable for various uses, including medical offices, daycare centers, professional offices, or even a corporate headquarters. Its proximity to Highway 17 and 70, along with a nearby college, provides easy access to transportation and a skilled workforce. Seller financing is available, making this a compelling investment opportunity.
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Charles L. Perkins, III, M.D., Ph.D. Physician
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Daniel E. Dosoretz, MD, FACR, FACRO Physician
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Diecast TV Trade Show Venue (Bike/Boat/Book/etc) Store
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Alex LeClair Realtor at Coldwell Banker Sunstar Real Estate Agency
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Florida State Auctions Trade Show Venue (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.