34 Oak St Arcadia, FL 34266-3964
- Retail space
- 15,840 SF
- 0.21 lot acres
Current Use by Public Records
- Retail space
Property Details for 34 Oak St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 15,840 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 25-37-24-0012-0030-0060
- APU
- 253724001200300060
Description
This exceptional investment opportunity encompasses two strategically located retail buildings and a substantial parking lot in the thriving Arcadia, Florida market. The main building, situated at 34 W Oak Street, boasts a prominent corner location and offers a generous 15,840 actual square feet (15,760 base square feet) of retail space. Constructed in 1920, this building has recently undergone significant improvements, including a brand-new roof, ensuring long-term value and reduced maintenance costs. The second building, located at 14 N Polk Ave, provides an additional 1,473 actual square feet (882 base square feet) of retail space, built in 1965. Ample parking is guaranteed with a dedicated 5,327.5 square foot parking lot conveniently situated on N Polk Avenue. The combined properties occupy a sizable 17,220 square feet of land, representing a significant 0.39-acre lot. This combined property offers a unique opportunity to acquire a substantial retail presence in a high-traffic area, with the potential for diverse uses and significant return on investment. The asking price for this exceptional property is $900,000. This is a rare chance to own a well-established retail center with significant upside potential. Don't miss this opportunity to secure a prime piece of Arcadia real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $425,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $470,000
- Retail
- $455,000
- Mixed-Use
- $490,000
- Hospitality
- $485,000
- Educational
- $395,000
- Residential Income
- $375,000
- Energy
- $425,000
- Income-Based Land
- $515,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Desoto
- State
- Florida
- Longitude
- -81.8612
- Latitude
- 27.216
- CBSA code
- 11580
- CBSA name
- ARCADIA, FL MICROPOLITAN STATISTICAL AREA