Commercial property in Arcadia, Florida 344.3 sq.m. № 2405193

Property description

This attractive site in Arcadia City offers a 1.287-acre lot less than a mile from downtown, featuring a 3,510 SF church (3,706 SF actual building) priced at $354,900. Located on E Cypress St with an AADT of 1,400, the building includes a spacious sanctuary, a fellowship hall with a kitchen, an office, multiple classrooms, and restrooms, along with ample on-site parking. The property may continue to be used as a church, or it could be redeveloped under its R-1B single-family residential zoning, which allows one home per 7,500 SF according to the City of Arcadia Zoning Department. This is an excellent opportunity for a congregation, investor, or residential developer! Seller financing available: 30% down, 6.5% interest, 20-year amortization, and a 3-year balloon. No prepayment penalty. Subject to seller approval.