Multi-Family Dev. Opportunity in Arcadia, FL

Multi-Family housing site in Arcadia. 7+ acre property within the City of Arcadia, the former home of the Arcadia All-Florida Championship Rodeo grounds is for sale. The Arcadia Rodeo is famous for exciting events like bull riding, barrel racing and the Quadrille, where riders perform a square-dance on horseback. In 2018 the All-Florida Championship Rodeo moved to its new home, The Mosaic Arena- a 7,000 seat state-of-the-art stadium on Roan Road. Since then, the former rodeo grounds has been leased to the DeSoto County Fair Association for events and parking. Now only remnants of the old rodeo arena, covered spectator seating, concession stands and the ticket office remain. The Directors at the Rodeo Association, a non-profit organization, believe the highest and best use of the former rodeo grounds is multi-family housing. There is a critical need for rental apartments in Arcadia, but it is nearly impossible to find a suitable location. The former rodeo grounds can be rezoned for up to 200 multi-family units, and public utilities are available. The price tag is $999,500.00 and the location has good proximity to schools, shopping a medical services. This is a great opportunity for the Rodeo Association to offer this location for needed housing which will be a benefit to the community.