109 S Desoto Ave
Arcadia, FL 34266
Office Property For Sale

The subject property is located on the SE corner of the intersection of U.S.17 (South DeSoto Ave.) and SR 70 West (Magnolia Street) near downtown Arcadia.
The property consists of Lots 11, 12, 13, & 14, Block 47, City of Arcadia Original Survey and has a onestory commercial building located on its southern portion. The property has 240 feet on U.S. 17 and 172 feet on SR 70, or 41,280 SF. There is a 16-foot alley running north-south on the east side connecting to SR 70 that could be used as part of an ingress or egress drive. Zoning is B-3 General Business Commercial.
The southern half of the property has a 6,744 SF masonry building, facing U.S. 17. Four tenant spaces, occupy 5,150 SF. An enclosed unconditioned storage area at the rear building. A masonry wall runs east to west through the middle of the building; otherwise, no interior partitions are load bearing. The southern one-half of the building was built in 1963 and consists of Spaces 111, 113 & 115. The northern half was constructed in 1973 and consists of Space 109. Numerous remodeling projects over the years have kept the property in good repair.
The building has four-rental Units and a storage area. Other than the storage area, all spaces in the building are leased, as is the vacant lot.
Unit 109, 2,600 SF
Unit 111, 650 SF
Unit 113, 1,464 SF
Unit 115, 486 SF
Storage Area, 1,285 SF
Each rental unit has a dedicated heating & air-conditioning system, electric meter and toilet. Space 109 has a dedicated water meter. Spaces 111, 113 & 115 share a common water meter. The northern portion of the property is a vacant lot.
City of Arcadia water and sewer utilities, with meters, are in place in place at the rear of the property. Electrical service is provided NextEra Energy.
The property is essentially level with a slight slope from NE to SW. The property does not lie within the 100-year flood plan and does not have any drainage issues. There are no environmental issues associated with the property. There are no encumbrances, legal or financial of record, or pending, against the property.