121 E Marion Ave - Office FOR SALE


Punta Gorda, FL 33950
$3,200,000 USD
401-688-0822
121 E Marion Ave, Punta Gorda, FL for Sale
$3,200,000 USD
Office - FOR SALE
1/27
null | 8.3% Cap Rate

121 E Marion Ave
Punta Gorda, FL 33950


HIGHLIGHTS

  • AS OF 11/2024, NEW ROOF, NEW A/C UNITS, UP TO CODE, FULLY RENOVATED UNITS, NEW ELECTRICAL, NEW FLOORING, AND MORE.
  • Great opportunity for an owner user to have retail frontage along Marion Ave!
  • VALUE-ADD OPPORTUNITY
  • Surface parking ample street parking available - 36 spaces
  • TAX CREDITS FOR HISTORIC BUILDINGS. Property is listed on the National Register of Historic Places. See Page 15 in the OM for more information.
  • Situated in the heart of downtown Punta Gorda, walking distance to shopping, dining, entertainment, and the Punta Gorda waterfront.

OVERVIEW

Step into history with the iconic Arcade Building, located in the heart of downtown Punta Gorda, Florida. Built in 1926, this landmark property showcases classic Mission and Mediterranean Revival architecture, featuring a Spanish mission-style parapet, a tiled loggia, and a striking triple-arch entrance. The Arcade Building was designed to be one of the first indoor malls in the area, with a central hall flanked by storefronts, leading to a post office at the rear. This unique structure highlights the rich architectural history of Punta Gorda. The Arcade Building has been recognized for its historical and architectural significance and continues to serve as a functional commercial space today. Currently, it houses The Perfect Caper restaurant, the Florida Department of Corrections probation office, and the Florida Department of Juvenile Justice office contributing to its dynamic mix of tenants. Exclusively listed by SVN Commercial Partners, this property presents an exceptional opportunity for investors and businesses alike to own a piece of Punta Gorda’s rich history in a prime downtown location. Whether you're looking to expand your business or invest in historic real estate, The Arcade Building offers both character and convenience in one of Southwest Florida’s most vibrant commercial districts.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,589 SF

ZONING

TPG-DC

APN/PARCEL ID

412306331005

ASK ABOUT THIS PROPERTY

Margeaux McCarthySVN | Commercial PartnersMore Info
401-688-0822

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Margeaux McCarthySVN | Commercial PartnersMore Info
401-688-0822

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