101 W Oak St
$1,250,000, 31,080 Sqft .71 Acres
About This Property
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 a unique opportunity to own a piece of history which has a great income stream.
City Water, Electric, Fire Hydrant, Sewer, Sprinkler Meter, Street Lights
Corner Lot, Historic District, In City Limits, Sidewalk, Street Paved
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Listing data comes from My Florida Regional MLS.
Listing information last updated on November 22nd, 2017 at 10:33pm EST.