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    920 Mills Ave Arcadia, FL 34266

    For Sale
    $1,299,990

    High-income producing property, excellent location.

    Property size:
    7,266 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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.

    Property Features for 920 Mills Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,266 SF
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1993
    Property Profile Location Intelligence

    Current Use by Public Records

    Charles L. Perkins, ... Oncologist Daniel E. Dosoretz, ... Oncologist Diecast TV Auction House Alex LeClair Realtor ... Real Estate Agent Florida State Auctions Auction House

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.85257
    Latitude
    27.2263

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    FAQs

    What type of property is this?
    Commercial real estate - High-income producing property, excellent location.
    Where is this commercial real estate located?
    The property is located at 920 Mills Ave Arcadia, FL.
    What is the asking price?
    The asking price for this property is $1,299,990.
    (863) 494-0401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    920 Mills Ave Arcadia, FL 34266
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