NOT LISTED FOR SALE
0.79 Acre
-- Price per Acre
34,332 Sq Ft Lot

Sale Details

Date Sold: July 2, 2025

Last sale price $1,175,000

90 Days on Market

About This Lot

As of July 2025

OPPORTUNITY ZONE 8.4% CAP RATE. High-visibility, income-generating retail & commercial plaza, fully renovated and 100% leased! Avila Mall sits on East Oak Street/SR 70, a high-traffic corridor with excellent drive-by visibility. This 7,674 SF property on 0.788 acres features national and local tenants, ensuring strong rental income and long term appreciation. Recent upgrades include a new roof, modern exterior paint, and a striking monument sign, making it a turnkey investment. With ample parking, stable tenants, and a thriving location, Avila Mall is a rare opportunity in a growing market. Positioned in a prime commercial district, this property is ideal for investors seeking immediate cash flow and future growth. Contact us today for details! For Sale: Avila Mall – Prime Retail Investment Opportunity in Arcadia, FLHigh-Visibility Retail & Commercial Plaza – Fully Renovated & Move-In Ready!Seize the opportunity to own a prime income-generating commercial asset in the heart of Arcadia! Avila Mall is strategically located on East Oak Street/SR 70, one of the area’s busiest thoroughfares, offering exceptional drive-by visibility and high daily traffic.This newly renovated 10,000-square-foot plaza has undergone major upgrades, including a brand-new roof, modern exterior paint, and a striking monument sign, all designed to enhance curb appeal and tenant desirability.Multi-Tenant Investment OpportunityAvila Mall is a thriving retail and commercial hub, offering a diverse mix of retail, office, restaurant, medical, and creative spaces. With a stable, long-term tenant base, this property ensures steady rental income and long-term appreciation potential.Sitting on a 0.788-acre lot, Avila Mall enjoys excellent visibility, high foot traffic, and seamless accessibility, making it a turnkey investment opportunity in a rapidly growing commercial district.Key Investment Highlights? Building Size: 7,674 square feet? CAP Rate 8.4%? Lot Size: 0.788 acres? Zoning: B3 General Business Commercial District, Desoto County? Year Built: 1976 (Renovated in 2023)? Occupancy: 100% leased (4 national tenants, 3 local tenants)? High-Traffic Location: Ample parking, direct frontage on a major corridor? Stable Tenant Base: Well-established retailers ensuring consistent foot traffic? Turnkey Investment: Minimal maintenance, low operating costs, and strong income potentialA Proven Investment in a Thriving MarketAvila Mall has been a pillar of the Arcadia community for years, consistently attracting loyal customers and high consumer activity. Its prime location, modern renovations, and strong tenant roster make it an exceptional commercial real estate investment.?? Inquire today or download the Offering Memorandum (OM) for financials and additional details! ??

Last Buyer's Agent

Francisco Neri

The Corcoran Group License #3529225

The Corcoran Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,224

Lot Details

  • 34,332 Sq Ft Lot
  • Property fronts a state road
  • Paved or Partially Paved Lot
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned B-3

Location

  • City Lot

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 313725001620800050

Community Details

Amenities

  • Shops

Building Details

  • Insurance Expense $6,468
  • Other Expense $25,740
  • Net Operating Income $100,754

Property Details

Property Type

Land

Est. Annual Taxes

$6,224

Lot Details

0.79 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Property Sub Type Additional: Unimproved Land
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: City Lot
  • Road Frontage Type: Public Road, State Road
  • Road Surface Type: Paved
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Street Lights, Sidewalks

Lot Info

  • Parcel #: 313725001620800050
  • Current Use: Commercial, Unimproved
  • Lot Size Acres: 0.79
  • Lot Size: 34332
  • Lot Size Sq Ft: 34332.0
  • Number Of Lots: 2
  • Possible Use: Commercial
  • Mobile Dim Units: Feet
  • Additional Parcels Description: 2nd Parcel ID 31-37-25-0016-1080
  • Additional Parcels: Yes
  • Zoning: B-3

Multi Family

  • Insurance Expense: 6468.0
  • Property Net Operating Income: 100754.0
  • Leasable Area: 6600.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6224.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Jun 30, 2025
Sold by
Bought by
Buyer's Agent
Francisco Neri
The Corcoran Group
List Price
$1,600,000
Sold Price
$1,175,000
Premium/Discount to List
-$425,000
-26.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
0.0686%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 11, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,625
Interest Rate
0.0288%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Go Go Titles Llc
$591,500 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $950,000
Previous Owner $700,000
Previous Owner $443,625
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2025 07/02/25 Sold $1,175,000 -26.6% --
05/28/2025 05/28/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $1,600,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,268 $225,000 $225,000
2023 $5,334 $225,000 $225,000
2022 $5,368 $225,000 $0 $225,000
2021 $5,679 $225,000 $0 $225,000
2020 $5,780 $225,000 $0 $225,000
2019 $5,854 $225,000 $0 $225,000
2018 $5,903 $225,000 $0 $225,000
2017 $5,440 $225,000 $0 $225,000
2016 $6,042 $225,000 $0 $225,000
2015 $6,065 $223,000 $0 $223,000
2014 $6,037 $223,000 $0 $223,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11752486

BeachesMLS (Greater Fort Lauderdale)

APN: 31-37-25-0016-2080-0050

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