101 W Oak Street

    Arcadia, FL 34266
    • $795,000
    • STATUS: Active
    • ON SITE: 407 days
    • MLS #: C7239274
    Price Reduced
    UPDATED: 28 min ago
    $795,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 31,080
      SQFT
    • $26
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    Listing information courtesy of United Country Gulfland R.E..

    Description

    Income multi-family Commercial building for Sale 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 tenant 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.

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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-19T11:43:06.66.
    www.searchsarasotahomes.com/homes/72360288

    101 W Oak Street Arcadia, FL 34266

    • Price: $795,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: C7239274
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    31,080
    SQFT
    $26
    $/SQFT
    1926
    Built
    Neighborhood:
    Original Surv/Arcadia
    County:
    Desoto
    Area:
    Arcadia
    Elementary School:
    Memorial Elementary School
    Middle School:
    Desoto Middle School
    High School:
    Desoto County High School
    Property Description
    Income multi-family Commercial building for Sale 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 tenant 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.
    Exterior Features

    Architectural Style CustomHistoricalVictorian Carport Yn No Construction Materials Block Exterior Features Sidewalk Lot Features Corner LotHistoric DistrictIn City LimitsSidewalkStreet Paved Lot Size Dimensions 150X225 Parking Features NoneOn Street Pool Private Yn No Roof Built-UpMembrane Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Central AirZoned Heating CentralZoned Levels Two Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 100000.00 Association Fee Requirement None Building Name Number Historic Koch Building Cdd Yn No Community Features Sidewalk Disclosures Lead PaintOther Dpryn No Flood Zone Code X Garage Yn No Homestead Yn No Lease Term 24 Months Listing Terms CashConventional New Construction Yn No Pets Allowed No Property Sub Type Multi-Family Realtor Info Brochure AvailableDocs AvailableFloor Plan AvailableSold As-IsTenant Occupied Security Features Security System Owned Senior Community Yn No Special Listing Conditions None Tax Annual Amount 13971 Tax Year 2017 Total Num Buildings 1 Utilities Electricity ConnectedFire HydrantSewer ConnectedSprinkler MeterStreet Lights Zoning B-2

    Listing information courtesy of United Country Gulfland R.E..
    © 2018 My Florida Regional MLS. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.


    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-06-19T11:43:06.66.
     
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    Listing information courtesy of United Country Gulfland R.E..