Log In/Sign Up
Your email has been sent.
H.W. Smith Arcade Building 121 E Marion Ave 14,066 SF 100% Leased Retail Building Punta Gorda, FL 33950 $2,750,000 ($195.51/SF) 7.76% Cap Rate
Investment Highlights
- AS OF 11/2024, NEW ROOF, NEW A/C UNITS, UP TO CODE, FULLY RENOVATED UNITS, NEW ELECTRICAL, NEW FLOORING, AND MORE.
- Surface parking ample street parking available - 36 spaces
- Situated in the heart of downtown Punta Gorda, walking distance to shopping, dining, entertainment, and the Punta Gorda waterfront.
- Great opportunity for an owner user to have retail frontage along Marion Ave!
- TAX CREDITS FOR HISTORIC BUILDINGS. Property is listed on the National Register of Historic Places. See Page 15 in the OM for more information.
Executive Summary
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 RE/MAX Commercial, 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.
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 RE/MAX Commercial, 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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
14,066 SF
Building Class
B
Year Built/Renovated
1926/2024
Price
$2,750,000
Price Per SF
$195.51
Cap Rate
7.76%
NOI
$213,282
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.82 AC
Zoning
TPG-DC - The zoning for downtown Punta Gorda, Florida's traditional core is a mix of historic and new structures, and is regulated by the City's LDR.
Parking
34 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
225’ on E Marion Ave
Amenities
- Property Manager on Site
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Skylights
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
- -
-
Lorem Ipsum
-
Jan 0000
Florida Department of Juvenile Justice is to enhance public safety through high-quality effective services for youth and families delivered by world-class professionals dedicated to building a stronger, safer Florida. Florida’s juvenile justice system will continue to pursue comprehensive system improvement and deploy proven practices that solidify their place as the leading system in the nation.
- Steph's Bakery
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | - | Lorem Ipsum | Jan 0000 | |
| Steph's Bakery | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 412306331005 | Total Assessment | $2,391,220 (2025) |
| Land Assessment | $758,306 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,632,914 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
412306331005
Land Assessment
$758,306 (2025)
Improvements Assessment
$1,632,914 (2025)
Total Assessment
$2,391,220 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
H.W. Smith Arcade Building | 121 E Marion Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.