121 E Marion Ave - H.W. Smith Arcade Building
7.7% CAP | Retail/Office | 14,066 Sqft
Marketing description
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, and Steph’s Bakery 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.
Investment highlights
As of 11/2024, New Roof, New A/C Units, Up to code, Fully renovated units, New Electrical, New Flooring, and More.
Great opportunity for an owner user to have retail frontage along Marion Ave!
Current Tenants: The Perfect Caper Restaurant (Award-winning dining), Florida Department of Corrections (Probation office), Florida Department of Juvenile Justice, Steph's Bakery
Surface parking ample street parking available - 36 spaces
Tax credits for Historic Building. Property is listed on the National Register of Historic Places. See Page 15 in the OM for more information.
Situated in the heart of downtown Punta Gorda, walking distance to shopping, dining, entertainment, and the Punta Gorda waterfront
Excellent for investors looking to own a piece of history in a growing, vibrant area. Potential for rent increases and value appreciation.
Centrally located with easy access to major highways and Airport
Unique historic charm, offering character and distinction in a prime location
Long-term, stable tenants in place
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
