106 W Oak St - Storefront FOR SALE


Arcadia, FL 34266
$1,500,000 USD
941-833-4217
106 W Oak St, Arcadia, FL for Sale
$1,500,000 USD
Storefront - FOR SALE
1/71
null | 7.71% Cap Rate

106 W Oak St
Arcadia, FL 34266


HIGHLIGHTS

  • The property is situated in the heart of Arcadia’s historic antique district, surrounded by coffee shops, antique stores, restaurants, and retail.
  • The Heard Opera House building, a historic landmark in Downtown Arcadia, is for sale, with a daily traffic count of approximately 9,000.
  • The property has been upgraded with 32 new impact-resistant windows on the second floor and new A/C units in both the Opera House and a retail unit.

OVERVIEW

HISTORIC BUILDING IN ARCADIA W/NEW ROOF (2023) FOR SALE! Located at the corner of Oak St & Polk Ave, the Heard Opera House building is a hallmark of Historic Downtown Arcadia. 106 W Oak features 19,604 square foot & is home to FIVE ground-floor store fronts, an assembly hall w/stage, dressing rooms & balcony plus TEN office/flex spaces on the 2nd floor. Property has 32 NEW IMPACT-RESISTANT WINDOWS ON 2ND FLOOR! Other updates include NEW A/C in Opera House (stage area) & NEW A/C for corner retail unit on Polk (104 W Oak). On-street & back of building parking available. At time of listing, the property is fully leased. Tenants cover their own utility bills. Heard Opera House is located in the heart of the historic antique district of Arcadia. Surrounded by coffee shops, antique stores, restaurants, and other retail/office spaces, this property is a hallmark of downtown Arcadia with daily traffic counts of around 9,000. Buy a piece of history today. Arcadia is less than 30 miles to Punta Gorda, approximately 50 miles to downtown Sarasota or Ft Myers or approximately 100 miles to Disney World/Orlando area. Property has been featured in local news segments highlighting the rich history of the Opera House dating back to 1906.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

7.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Old Opera House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

B-2

APN/PARCEL ID

25-37-24-0012-0280-0047

ASK ABOUT THIS PROPERTY

Alex AndreaeThe Andreae GroupMore Info
941-833-4217

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Alex AndreaeThe Andreae GroupMore Info
941-833-4217

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.