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Multifamily Property With Cafeteria
For Sale
$4,500,000

5871 SE Highway 31 12, Arcadia, FL 34266

Multiple buildings offer dozens of rooms and bathrooms, plus office space and a cafeteria on approximately 17 acres.

Property Size94,986 SF
Lot Size17.00 Acres
Days on Market48

Property Features for 5871 SE Highway 31 12

General Information

Standard status Active
Size 94,986 SF
Lot size 17.00 Acres
Property subtype Commercial

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $63,973

Building Details

Building Size 94,986 SF
Year Built 1968
Stories 1
Listing Agency: RE/MAX Harbor Realty
Listed By: Walt Bethel · License #253500066
Source: Elliman
Added: Jul 16 Changed: Aug 31 Last Checked: Aug 31 at 2:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Harbor Realty

Investment Insights

Based on property information with market context.

This multifamily property consists of multiple buildings containing dozens of individual rooms and bathrooms, along with office space and a cafeteria. The offering is described as potential industrial or housing opportunity.

The property is located in South DeSoto County directly off Hwy 31, on approximately 17 acres. Public remarks note it was previously part of the state-owned juvenile justice center. The property is described as approximately 20–30 minutes to Babcock Ranch, Fort Myers, Punta Gorda, and Interstate 75.

Seller financing is listed as potentially available. Please note that specific unit count, condition details, and configuration beyond the described room, bathroom, office, and cafeteria spaces are not provided in the available information.

Key Highlights

  • Multiple buildings on approximately 17 acres in South DeSoto County directly off Hwy 31
  • Previously part of the state‑owned juvenile justice center
  • Multiple rooms and bathrooms across dozens of individual rooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

331
Businesses Nearby

Demographics for 34266, FL

28,827
Population
12,302
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
70%
High-School Grad
578.1 sq mi
ZIP Area
50
Density / Sq Mi
$47,414
Median Household Income
$33,827
Median Earnings
$907
Median Rent
$144,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multiple buildings offer dozens of rooms and bathrooms, plus office space and a cafeteria on approximately 17 acres.
Where is this apartment building located?
The property is located at 5871 SE Highway 31 12 Arcadia, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Multiple buildings on approximately 17 acres in South DeSoto County directly off Hwy 31; Previously part of the state‑owned juvenile justice center; Multiple rooms and bathrooms across dozens of individual rooms
More about this property
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