Commercial Sale · Mixed Use
2124 NW AMERICAN LEGION DRIVE, ARCADIA, FL, 34266
Active1032 days on marketListed Oct 11, 2023MLS #C7481924
About this property
The property at a glance
This Property has been the location of The American Legion Post K-11 since way back in the day. Original wood frame building burnt down and a metal building was put in its place Circa 1974. Renovated over the years, current renovations were also done after hurricane Ian. S. This property offers approximately 561 ft. on the water, 437 ft approximately on streetside. Previously a Lodge for Members only, The Legion Hall ( as it's known ) is open to the public for food and drinks and venue rental. Fully stocked bar operates during food service days and hours. (Currently Wednesday-Friday) Outside, the Tiki Hut is ready to begin serving again as well. Since expanding it's functions and being open to the public, this property has become a very popular Venue for Weddings and Reunions and various other special occasions. The Hall offers both Lady's and Gentlemen's restrooms. The Post K-11 plans to relocate to a smaller facility and will maintain their Liquor and food service Lic. Depending on usage preferred by Buyer, they would need to obtain their own Lic. to serve Beer, Wine, Liquor and/or food. Kitchen and Bar equipment will stay as will the tables and chairs. There is a private office up front and a storage/AC equip. location room) The uses for this Building and the Property and out structures are many and varied and Buyer will want to clarify any and all with the City of Arcadia. The new Boat ramp is across the Drive as is a public park. Advance appointment is required. Please dont enter building or grounds without an appointment and being accompanied by a Realtor. Please be aware there may be cameras and recording so privacy is not guaranteed. (Pictures red outlines are taken from County records and do not reflect a certified survey, displayed as a reference as to size and location
4,720
Building sq ft
$180
Price / sq ft
0.71
Lot acres
1974
Year built
1
Building
RPB
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$3,996/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kat to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
29,065
Population
$47,414
Median income
39.7
Median age
2.55
Avg household
$144,600
Median home value
$907/mo
Median rent
3,349
Households w/ kids
Recent sales
What actually sold near 2124 NW AMERICAN LEGION DRIVE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$300,000
721 N ROBERT AVENUE
3,404 sqft · $88/sqft · Sold Apr 21, 2025
$315,000
315 W OAK STREET
1,958 sqft · $161/sqft · Sold May 8, 2025
$2,100,000
101 W OAK STREET
31,080 sqft · $68/sqft · Sold Apr 1, 2025
Your team
The pros in your corner
Your agent
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 2124 NW AMERICAN LEGION DRIVE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2124 NW AMERICAN LEGION DRIVE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Listing courtesy of COLLINS MANAGEMENT · Jean Vitali. MLS #C7481924.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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