1401 SW MARTIN LUTHER KING JR STREET ARCADIA, FL 34266

$749,000

Bedrooms

Total Baths

Full Baths

11,344

Square Feet

1.18

Acres

2010

Year Built

95 days

On Website

Active

Status

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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Details


Interior
Living Area
11,344 SqFt.

Building And Construction
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
2010

Exterior And Lot
Lot Size Acres
1.18
Lot Size Square Feet
51400
Zoning
CN

Utilities
Cooling
Mini-split Unit(s), Other, Wall/Window Unit(s)

Area And Schools
City
Arcadia
County Or Parish
Desoto

Financial Info
Buyer Agency Compensation
2.5%
Tax Annual Amount
$4,810.00
Tax Year
2020

Listing By THE WILLIAMSON GROUP REALTY, I

MLS# C7445227

Data Last Updated 10:06PM - 9/25/2021

Stellar MLS

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