De Soto County Florida - Land, Farms & Ranches - Property ID: 3980367

Property ID: 3980367 - De Soto County Florida


Property ID: 3980367 - De Soto County Florida

Property ID: 3980367

County: De Soto

Type: Commercial Property

Acres: 0.71

Address: 101 West Oak Street

City: Arcadia

State: Florida

Zip: 34266

Price: $1,250,000.00

Status: Contract Pending
Directions: In the middle of downtown Arcadia's Historic District.
Description: 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 $112,354.00--according 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 is a unique opportunity to own a piece of history which has a great income stream.


Contact Name: Mac Martin

Phone Number: 863-990-2322

Fax: 863-993-2098

Address1: 207 E Magnolia St

City: Arcadia

State: FL

Zip: 34265

NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America who specializes in land for sale, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.