Property profile

2124 NW American Legion Dr Arcadia, FL 34266

FOR SALE
Commercial land
Property ID
US18-6324378
Built 1974
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Property summary

AI-generated overview

This Property has been the location of The American Legion Post K-11 since way back in the day. Original wood frame building burnt down and a metal building was put in its place Circa 1974. Renovated over the years, current renovations were also done after hurricane Ian. S. This property offers approximately 561 ft. on the water, 437 ft approximately on streetside. Previously a Lodge for Members only, The Legion Hall ( as it's known ) is open to the public for food and drinks and venue rental. Fully stocked bar operates during food service days and hours. (Currently Wednesday-Friday) Outside, the Tiki Hut is ready to begin serving again as well. Since expanding it's functions and being open to the public, this property has become a very popular Venue for Weddings and Reunions and various other special occasions. The Hall offers both Lady's and Gentlemen's restrooms. The Post K-11 plans to relocate to a smaller facility and will maintain their Liquor and food service Lic. Depending on usage preferred by Buyer, they would need to obtain their own Lic. to serve Beer, Wine, Liquor and/or food. Kitchen and Bar equipment will stay as will the tables and chairs. There is a private office up front and a storage/AC equip. location room) The uses for this Building and the Property and out structures are many and varied and Buyer will want to clarify any and all with the City of Arcadia. The new Boat ramp is across the Drive as is a public park. Advance appointment is required. Please dont enter building or grounds without an appointment and being accompanied by a Realtor. Please be aware there may be cameras and recording so privacy is not guaranteed. (Pictures red outlines are taken from County records and do not reflect a certified survey, displayed as a reference as to size and location bikeScore: 52, Bikeable walkScore: 64, Somewhat Walkable

Property profile

Verified
Property type Commercial land
Year built 1974
UPID US18-6324378

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2124 NW American Legion Dr Arcadia, FL 34266
Arcadia metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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