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    1401 SW Martin Luther King Jr Street

    Arcadia, FL 34266
    • $749,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: C7445227
    UPDATED: 62 min ago
    $749,000
    • 0
      BEDS
    • 1.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,344
      SQFT
    • $66
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2010
    County:
    Area:

    School Ratings & Info

    Description

    INSANE INCOME PRODUCING DEAL WITH INCREDIBLE ROI! This 12,000+ SQ FT property sits just feet away from extremely busy, multi-lane Highway 17! This location is ideal for professional, retail or service business. Currently, the income from this property is $9,775/MONTH with 14 units rented out and 2 vacant!!! Leases range from $300/month up to $1,850/month. This property features multiple buildings that can hold up to 16 businesses and will benefit from the growth of the economy of the Commercial Neighborhood District. CN zoning allows for a variety of uses including but not limited to automobile service stations, medical offices, dental offices, animal hospitals, restaurants, child care centers, repair shops and hardware stores. Located less than 2 miles from Highway 70, you will be close to thriving businesses such as Ace Hardware, Radio Shack, Circle K, CVS, Publix, Tractor Supply and MidFlorida Credit Union. Traffic will come from Hardee County, Manatee County, Highlands County and Charlotte County as DeSoto is home to 2 Highways and 2 State Roads! The property is connected to public utilities and each unit has a separate electric meter. The parking lot is massive and can easily hold over 20 vehicles. According to FDOT, Annual Average Daily Traffic count is around 14,400 at the nearest intersection. Yearly estimated expenses for the owner are around $11,000. Whether you are looking for an investment property or a place to operate your own business, you won't find a better site for the price! (Buildings & Real Estate Only Being Sold)

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    © 2021 My Florida Regional MLS DBA Stellar MLS. 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 2021-09-19T15:39:45.817.
    www.cainepremierproperties.com/homes/118642874
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    1401 SW Martin Luther King Jr Street Arcadia, FL 34266

    • Price: $749,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: C7445227
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.18
    Acres
    11,344
    SQFT
    $66
    $/SQFT
    2010
    Built
    Neighborhood:
    Arcadia
    County:
    Desoto
    Area:
    Arcadia
    Property Description
    INSANE INCOME PRODUCING DEAL WITH INCREDIBLE ROI! This 12,000+ SQ FT property sits just feet away from extremely busy, multi-lane Highway 17! This location is ideal for professional, retail or service business. Currently, the income from this property is $9,775/MONTH with 14 units rented out and 2 vacant!!! Leases range from $300/month up to $1,850/month. This property features multiple buildings that can hold up to 16 businesses and will benefit from the growth of the economy of the Commercial Neighborhood District. CN zoning allows for a variety of uses including but not limited to automobile service stations, medical offices, dental offices, animal hospitals, restaurants, child care centers, repair shops and hardware stores. Located less than 2 miles from Highway 70, you will be close to thriving businesses such as Ace Hardware, Radio Shack, Circle K, CVS, Publix, Tractor Supply and MidFlorida Credit Union. Traffic will come from Hardee County, Manatee County, Highlands County and Charlotte County as DeSoto is home to 2 Highways and 2 State Roads! The property is connected to public utilities and each unit has a separate electric meter. The parking lot is massive and can easily hold over 20 vehicles. According to FDOT, Annual Average Daily Traffic count is around 14,400 at the nearest intersection. Yearly estimated expenses for the owner are around $11,000. Whether you are looking for an investment property or a place to operate your own business, you won't find a better site for the price! (Buildings & Real Estate Only Being Sold)
    Exterior Features

    Construction Materials Metal Frame Foundation Details Slab Parking Features 19 To 30 Spaces Roof Metal Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Cooling Mini-Split Unit(S)OtherWall/Window Unit(S) Flex Space Sq Ft 11344 Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Flood Zone Code X New Construction Yn No Property Sub Type Mixed Use Special Listing Conditions None Tax Annual Amount 4810.00 Tax Year 2020 Total Num Buildings 3 Utilities Electricity Available Zoning Cn


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of The Williamson Group Realty, I.



    © 2021 My Florida Regional MLS DBA Stellar MLS. 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 2021-09-19T15:39:45.817.
     
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