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.

Essential Information

MLS® #C7239274
Price$1,250,000
Bathrooms0.00
Square Footage31,080
Acres0.71
Year Built1926
TypeIncome
Sub-TypeFive or More
StatusActive

Community Information

Address101 W Oak St
AreaArcadia
SubdivisionOriginal Surv/arcadia
CityArcadia
CountyDeSoto
StateFL
Zip Code34266

Amenities

GaragesNone

Utilities

City Water, Electric, Fire Hydrant, Sewer, Sprinkler Meter, Street Lights

View

Corner Lot, Historic District, In City Limits, Sidewalk, Street Paved

Interior

HeatingCentral, Zoned/Multiple
CoolingCentral, Zoned/Multiple
Stories2 Levels

Exterior

ExteriorBlock
Exterior FeaturesSidewalk
Lot Description1/2 Acre to 1 Acre
RoofBuilt Up, Membrane

School Information

ElementaryMemorial Elementary School
MiddleDeSoto Middle School
HighDeSoto County High School

Additional Information

Days on Market52
ZoningB-2

Listing Details

OfficeUNITED COUNTRY GULFLAND R.E.

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Listing data comes from My Florida Regional MLS.

Listing information last updated on November 22nd, 2017 at 10:33pm EST.

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