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Property profile & analytics
FOR SALE
Individual retail properties

5673 Highway 31 SE Arcadia, FL 34266

12,089 SF 25.88 ac lot Built 1968
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US18-3324420
Property summary
AI-generated overview

This exceptional 31,929 square foot commercial property, situated on a 2.83-acre lot at 5673 SE Highway 31 in Arcadia, Florida, presents a unique investment opportunity. Previously utilized as a gymnasium for a state-owned juvenile justice center, the building offers significant potential for adaptive reuse as a warehouse or shop, complemented by existing office space. The versatile layout allows for a variety of commercial applications. The property enjoys a highly convenient location, just five minutes from Arcadia and a short 35-minute drive to Fort Myers, Punta Gorda/Port Charlotte, and Interstate 75, ensuring excellent accessibility and connectivity. The seller is offering attractive financing options with a 20% down payment. This presents a compelling chance to acquire a substantial commercial space in a rapidly developing area. Note that an adjacent property is also available for purchase separately, providing an opportunity to expand your holdings. The building's size and location make it ideal for businesses seeking a large footprint with easy highway access. This is a rare chance to acquire a significant commercial property in a growing market with flexible financing terms. Serious inquiries are encouraged.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,089 SF
Lot 25.88 ac (1,127,333 SF)
Zoning code PUD
APN 27-38-25-0000-0070-0000
UPID US18-3324420
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k
Owner & transaction history
Swelter House LLC · 3 yrs held
Swelter House LLC
since 2023
Last sale
$635,000
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$635,000
2021
Price N/A
2021
$135,000
2020
$500,000
2020
$1.0M
Zoning & alternative use
PUD · Arcadia, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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