106 Oak St Arcadia, FL 34266-3914
- Retail space
- 19,604 SF
- 0.30 lot acres
Current Use by Public Records
- C&M Custom Creations / Laser Cutting Service
- Heard Opera House / Event Venue / Music Store
- Subcultures / Live Music Venue / Clothing Store
Property Details for 106 Oak St
- Year built
- 1906
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.30 lot acres
- Property size
- 19,604 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 25-37-24-0012-0280-0047
- APU
- 253724001202800047
Description
This exceptional Arcadia, FL property offers a unique blend of history and modern updates. The main building, 106 W Oak Street, boasts 19,604 square feet of retail space with five ground-floor storefronts, an assembly hall complete with a stage, dressing rooms, and a balcony. Ten second-floor office/flex spaces provide additional income potential. Significant recent improvements include a new roof (2023), 32 new impact-resistant windows on the second floor, and new air conditioning units in the opera house and a corner retail unit. The property is currently fully leased, with tenants responsible for their own utilities. An adjacent building, 114 W Oak Street (5,249 sq ft), is included in the sale "as is," following Hurricane Ian damage, but its facade must remain intact per historic preservation codes. Located in Arcadia's historic antique district, this landmark property benefits from high daily traffic counts (approximately 9,000) and proximity to numerous amenities. On-street and rear parking is available. The 0.3-acre lot encompasses both buildings. This investment presents a rare chance to own a piece of Arcadia's rich history, conveniently located within 30 miles of Punta Gorda, 50 miles of Sarasota and Fort Myers, and approximately 100 miles from Orlando and Disney World. The property's total square footage is 24,853.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $240,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $245,000
- Mixed-Use
- $225,000
- Hospitality
- $245,000
- Educational
- $225,000
- Residential Income
- $230,000
- Energy
- $220,000
- Income-Based Land
- $215,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Desoto
- State
- Florida
- Longitude
- -81.8617
- Latitude
- 27.2162
- CBSA code
- 11580
- CBSA name
- ARCADIA, FL MICROPOLITAN STATISTICAL AREA
