Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    124 Heard St Arcadia, FL 34266

    Sponsored
    For Sale
    $2,400,000

    7.46 Acres, R-4 Zoning, High Density

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.46-acre parcel in Arcadia, Florida, presents a remarkable opportunity for residential development. Located at 124 S W Heard St, 34266, in DeSoto County, this fee-simple property boasts R-4 zoning, permitting high-density residential construction. The zoning allows for single-family, two-family, and multi-family residential uses, with the potential for up to 30 dwelling units per acre, as per the High Density Residential FLU permitting. This makes it ideal for a variety of projects, including multi-family housing or assisted living facilities (subject to special exception). The land's central location provides convenient access to major streets and community amenities. The asking price is $2,400,000, translating to a land value of $7.22 per square foot. The property includes multiple APNs: 36-37-24-0A00-0910-0000 (9444), 36-37-24-0014-00C0-0190 (8402), 36-37-24-0014-00B0-0240 (8392), 36-37-24-0014-00B0-0230 (8391), 36-37-24-0014-00B0-0210 (8390), 36-37-24-0014-00B0-0200 (8389), and 36-37-24-0014-00B0-0080 (8385). This prime location and flexible zoning create a compelling investment opportunity for developers seeking to capitalize on the high demand for residential properties in this growing area. Don't miss this chance to acquire a substantial tract of land with significant development potential.

    Property Features for 124 Heard St

    General Information

    Property type
    Multifamily properties
    Lot Size
    324,958 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -81.8600871
    Latitude
    27.2071628

    Nearby Similar for Sale

    • $4,900,000
      24,987 SF

      34-Unit Multifamily Investment Opportunity

      Income-producing 34-unit multifamily property in Arcadia, Florida.
      1450 E Gibson St, Arcadia, FL 34266
      View Details
    • $4,500,000
      136,190 SF

      Arcadia Mixed-Use Development Opportunity

      73+ acres with Hwy 31 frontage, near Fort Myers.
      6000 Highway 31 SE, Arcadia, FL 34266
      View Details
    • $260,000
      Pending

      Arcadia Duplex: Investment Opportunity

      Duplex in Arcadia, Florida, offering steady rental income potential.
      1099 SE Hargrave St, Arcadia, FL 34266
      View Details
    • $349,000
      1,968 SF

      Medical Office in Prime Location

      Updated medical office space near hospital with rental income potential.
      303 E Gibson St, Arcadia, FL 34266
      View Details
    • $975,000
      7,034 SF

      Commercial Property on Highway 17

      2.93-acre commercial property suitable for retail, office, or educational use.
      5241 Highway 17 SW, Arcadia, FL 34266
      View Details
    • $249,900
      Pending

      Riverfront Land on Peace River

      2.06-acre property with 256 feet of Peace River frontage.
      1269 NW Peace Pointe Dr, Arcadia, FL 34266
      View Details
    • $99,000

      Ice Cream Shop Business Opportunity

      Thriving ice cream shop business for sale in downtown Arcadia.
      203 W Oak St, Arcadia, FL 34266
      View Details
    • $299,000
      1,059 SF

      Versatile Commercial Property in Arcadia, FL

      Adaptable commercial space with office and open layout, prime location.
      811 N Mills Ave, Arcadia, FL 34266
      View Details
    • New
      $275,000
      1,796 SF

      Arcadia Multifamily Investment Opportunity

      Four-bedroom property in Downtown Arcadia, ideal for investors or homeowners.
      12 Glendora Ave, Arcadia, FL 34266
      View Details
    • $275,000
      1,796 SF

      Arcadia Duplex Investment Opportunity

      Four-bedroom, two-bath property in Downtown Arcadia, suitable for investors.
      12 Glendora Ave, Arcadia, FL 34266
      View Details
    • $3,950,000
      94,986 SF

      Arcadia Mixed-Use Opportunity on Highway

      Mixed-use property on 17 acres near major routes.
      5871 Highway 31 SE, Arcadia, FL 34266
      View Details
    • $850,000
      2.83 Acres

      Arcadia Commercial Space on Highway

      21,000+ SqFt space near Arcadia, Florida, on 2.83 acres.
      5673 Highway 31 SE, Arcadia, FL 34266
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 7.46 Acres, R-4 Zoning, High Density
    Where is this multifamily property located?
    The property is located at 124 Heard St Arcadia, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    (941) 957-9300
    Request Owner's contact information
    124 Heard St Arcadia, FL 34266
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 Heard St
    Arcadia, FL 34266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    124 Heard St Arcadia, FL 34266
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.