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    2124 American Legion Dr Arcadia, FL 34266

    For Sale
    $900,000

    Waterfront venue, huge potential!

    Property size:
    4,720 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 4,720 sq ft mixed-use property, situated on a 0.71-acre lot in Arcadia, FL, presents a unique investment opportunity. Originally home to American Legion Post K-11, the building (constructed circa 1974 after a fire) has undergone renovations, including recent updates following Hurricane Ian. Minor finishing touches will be completed before closing. Boasting approximately 561 feet of waterfront access and 437 feet of street frontage, this property includes a fully stocked bar, kitchen, and ample seating. Currently operating as a popular public venue for weddings, reunions, and other events (Wednesday-Friday), it features a Tiki Hut and separate restrooms. The existing bar and kitchen equipment, along with tables and chairs, will remain. A private office and storage/AC equipment room are also included. The property's versatility allows for various uses, subject to City of Arcadia approvals. A new boat ramp and public park are conveniently located across the street. The American Legion Post K-11 plans to relocate, retaining their liquor and food service licenses

    Property Features for 2124 American Legion Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,720 SF
    Lot Size
    30,928 SF

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Building Supply Plumbing Service Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.87727
    Latitude
    27.22259

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    FAQs

    What type of property is this?
    Mixed-use property - Waterfront venue, huge potential!
    Where is this mixed-use property located?
    The property is located at 2124 American Legion Dr Arcadia, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    (863) 494-6181
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    2124 American Legion Dr Arcadia, FL 34266
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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

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    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
    2124 American Legion Dr Arcadia, FL 34266
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