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106 & 114 W Oak STREET, Arcadia, FL, 34266 | $1,700,000
HISTORIC BUILDING IN ARCADIA W/NEW ROOF (2023) FOR SALE! Located at the corner of Oak St & Polk Ave, the Heard Opera House building is a hallmark of Historic Downtown Arcadia. 106 W Oak features 19, 604 square foot & is home to FIVE ground-floor store fronts, an assembly hall w/stage, dressing rooms & balcony plus TEN office/flex spaces on the 2nd floor. Property has 32 NEW IMPACT-RESISTANT WINDOWS ON 2ND FLOOR! Other updates include NEW A/C in Opera House (stage area) & NEW A/C for corner retail unit on Polk (104 W Oak). On-street & back of building parking available. At time of listing, the property is fully leased. Tenants cover their own utility bills. Listing also contains 114 W Oak St which was damaged during Hurricane Ian & being sold AS IS. Facade to remain intact per historic building preservation codes. 114 W Oak was previously used as retail storefront w/2nd floor apartment/living space. 114 W Oak potentially adds an additional 5, 249 square feet to property. Heard Opera House is located in the heart of the historic antique district of Arcadia. Surrounded by coffee shops, antique stores, restaurants, and other retail/office spaces, this property is a hallmark of downtown Arcadia with daily traffic counts of around 9, 000. Buy a piece of history today. Arcadia is less than 30 miles to Punta Gorda, approximately 50 miles to downtown Sarasota or Ft Myers or approximately 100 miles to Disney World/Orlando area. Property has been featured in local news segments highlighting the rich history of the Opera House dating back to 1906.
Features
- Property Type: Retail
- Construction: Block, Wood Frame
- Utilities: BB/HS Internet Capable, Electricity Available, Phone Available
- Levels: 2
- Heating: Electric
- Cooling: Central Air, Wall/Window Unit(s)
- Year Built: 1906
- Approx Sq. Feet: 19,604
- Acreage: 0.3
- Est. Taxes: $6,065
- Lot Desc: Corner Lot, Historic District, City Lot, Sidewalk, Street Lights
- MLS#: C7500613
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/C7500613/106and114woakstreet_arcadia_fl?source=qrflyer
Listing courtesy of RE/MAX HARBOR REALTY Phone: 941-639-8500
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
106 & 114 W Oak STREET, Arcadia, FL, 34266
$1,700,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
| Monthly Tax Payment | $505 | $505 | $505 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,708 | $8,821 | $11,941 |
| Total Monthly Payment | $9,338 | $9,451 | $12,571 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388