917 Oak St Arcadia, FL 34266-8953

Property Details for 917 Oak St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.62 lot acres

Property size

7,674 SF

Zone code

B-3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

31-37-25-0016-2080-0050

APU

313725001620800050

Description

This exceptional 10,000-square-foot shopping center in Arcadia, Florida, presents a compelling investment opportunity. Located at 917 E Oak St, this single-story, 1979-built property (fully renovated in 2023) boasts a prime location on a bustling thoroughfare, ensuring high visibility and accessibility. The property features a mix of six tenants, including four national brands, two regional, and one local, resulting in 100% occupancy since September 21, 2021. The gross lease structure provides a stable income stream with a remaining lease term of four years on a five-year agreement. The property's Net Operating Income (NOI) is $93,886, yielding a 5.07% cap rate. The 6,600 square feet of net rentable space is complemented by 40 parking spaces and a generous 34,332-square-foot lot, offering significant land value at $281 per square foot. The B-3 zoning allows for diverse commercial uses. This stabilized investment, with its strong tenant mix and established location, offers a secure and profitable return. The asking price is $1,850,000, representing a price per square foot of $185. The property is owned by ARCADIA PLAZA LLC and has a DeSoto County APN of 31-37-25-0016-2080-0050. This is a rare opportunity to acquire a well-established, high-performing commercial property in a thriving Florida market.

Location Insight

City

Arcadia

County

Desoto

State

Florida

Longitude

-81.8486

Latitude

27.2119

CBSA code

11580

CBSA name

ARCADIA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments