Rajia Ackley - Coldwell Banker Ackley Realtors

IQWeb_Description

Income multi-family Commercial building for Sale Arcadia's most famous and historic building, the Pink Koch Building, has terrific income! The center piece of the thriving tourist antique district of Arcadia. Includes 30-plus rental units including up to 25 one bedroom, one bath residential apartments, two restaurants, two large retail (antique) store fronts, and a Saloon. The building is tenant occupied. P&L provided to pre-qualified buyers upon signing a confidentiality agreement. In 1922, Simon Rosin purchased the property for the Arcade. He secured a ten-year contract with the United States Post Office for the south half of building. In 1926, Rosin hired Contractor Ralph Cannon to build the Arcade at a cost of $112,354.00according to a newspaper article published on May 28, 1926. In 1976, the Koch family closed most of the building as deteriorated and unusable. However, the structure was purchased by the current owner in November 1989, and they restored the building with apartments upstairs and commercial spaces downstairs. This truly a unique opportunity to own a piece of history which has a great income stream.

IQWeb_Details

IQWeb_MLSC7239274
IQWeb_SubtypeResale
IQWeb_StatusPending
IQWeb_Year1926
IQWeb_Days_on_Site464

IQWeb_Features

IQWeb_SQ_Feet31,080
IQWeb_Units30
IQWeb_Buildings1

IQWeb_Market_Activity 34266

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IQWeb_Area_Information

IQWeb_StateFL
IQWeb_CountyDeSoto
IQWeb_CityARCADIA
IQWeb_Zip_Code34266
IQWeb_Area34266 - Arcadia
Listing VS Median (in 34266)
Price:
$795,000
low | high
Med:
$139,900
100% of Average
SqFt:
31,080
low | high
Med:
652
100% of Average
$ / SqFt:
$26
low | high
Med:
$54
59.712350966547% of Average
On Site:
464
low | high
Med:
100
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: C7239274
IQWeb_Listing_Provided_By:
Mac Martin  IQWeb_of  United Country Gulfland R.E.

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.