101 W Oak Street
ARCADIA, FL 34266

Description

Reduced Price! Arcadia's most famous and historic building, the pink Koch Building, has terrific income! The center piece of the thriving tourist antique district of Arcadia. Includes 30-plus rental units including up to 25 one bedroom, one bath residential apartments, two restaurants, two large retail (antique) store fronts, and a Saloon. The building is nearly 100% occupied. P&L provided to pre-qualified buyers upon signing a confidentiality agreement. In 1922, Simon Rosin purchased the property for the Arcade. He secured a ten-year contract with the United States Post Office for the south half of building. In 1926, Rosin hired Contractor Ralph Cannon to build the Arcade at a cost of $112,354.00according to a newspaper article published on May 28, 1926. In 1976, the Koch family closed most of the building as deteriorated and unusable. However, the structure was purchased by the current owner in November 1989, and they restored the building with apartments upstairs and commercial spaces downstairs. This truly a unique opportunity to own a piece of history which has a great income stream.

Details

MLS#C7239274
Sub-TypeResale
StatusActive
Year1926
Days On Site383

Features

SQ Feet31,080
Units30
Building(s)1

Market Activity 34266

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Area Information

StateFL
CountyDeSoto
CityARCADIA
Zip Code34266
Area34266 - Arcadia
Listing VS Median (in 34266)
Price:
$975,000
low | high
Med:
$146,750
100% of Average
SqFt:
31,080
low | high
Med:
2,952
100% of Average
$ / SqFt:
$31
low | high
Med:
$72
78.68333709502% of Average
On Site:
383
low | high
Med:
187.500000
100% of Average
Listing Updated: 05/24/2018
MLS Number: C7239274
Listing Provided By:
Mac Martin  of  United Country Gulfland R.E.

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