$975,000 101 W Oak St Arcadia, FL

MLS: C7239274   Type: Income   County: Desoto   City: Arcadia   Neighborhood: Original Surv-arcadia   Zip: 34266   Style: Custom,Historical,Victorian     Taxes: $13,971

Mortgage $4,577 /mo



Half Baths

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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 $112,354.00—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.

Elementary School

Middle School

High School

Distance: 0.56 Miles
Distance: 0.85 Miles
Desoto County
Distance: 1.5 Miles

Price History

5/8/2017 Listed $1,250,000
2/9/2018 22% - $975,000

Financing Available Cash, Conventional
Hoa Common Assn None
Homestead No
Housing For Older Persons N/A
Lease Terms 1 to 2 Years, 3 to 5 Years, Tenant Pays Electric, Tenant Pays Water
Legal Subdivision Name ORIGINAL SURV/ARCADIA
Location Corner Lot, Historic District, In City Limits, Sidewalk, Street Paved
Lot Number 1
MLS Area Arcadia
New Construction Y/N No
Property Description 2 Levels
Realtor Info Brochure Available, Docs Available, Floor Plan Available, Lead Paint Disclosure, Other Disclosures-Contact Agent, Sold As-Is, Tenant Occupied
Special Sale None
Taxes 13971
Total Num Buildings 1
Utilities City Water, Electric, Fire Hydrant, Sewer, Sprinkler Meter, Street Lights
Water Access Y/N No
Zoning B-2

Interior Features

A/C Central, Zoned/Multiple
Heating Central, Zoned/Multiple
Pets Allowed No
Total Units 30

Exterior Features

Architectural Style Custom, Historical, Victorian
Exterior Construction Block
Exterior Features Sidewalk
Garage Carport None
Garage Features None, Street Parking
Lot Dimensions 150x225
Lot Sq Ft 31058
Pool None
Property Style Five or More
Roof Built Up, Membrane
Sidewalk Yn Yes
Water Extras Yn No
Water Frontage Yn No
Water View Yn No
Waterfront Feet 0

Property Schools

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Gallery (19 photos)

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Property vs Zip Code Avg (34266)

Price 975K Avg 356K

Sqr Feet 31,080 Avg 8,771

Cost / Sqr Ft $31 Avg $41

Taxes $13,971 Avg $5,633

Acres 0.71 Avg 0.69

Visits 127 Avg 75

Days on Site 319 Avg 435

Walkscore® 67 Avg 40

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Location & Address

Alene Civil
4511 North Himes Ave Suite 200
Tampa, FL

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