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$3,950,000

5871 Highway 31

Arcadia, FL 34266

Listing updated: July 14, 2026 at 11:52 AM ET

Active

Listing courtesy of Re/Max Harbor Realty · Walt Bethel · MLS #C7471372 · Active · 941-639-8500

Baths

Acres

1968

Built

◆17 acres◆$42/sqft

Mixed Use

Property type

1968

Year built

744,839 sqft

Lot size

$42

Price / sq ft

No HOA

HOA dues

1244

Days on market

Flood zone

About this home

POTENTIAL INDUSTRIAL OR HOUSING OPPORTUNITY AWAITS! Multiple buildings with dozens of individual rooms, bathrooms, office space, and cafeteria. Located in South DeSoto County directly off Hwy 31 on approximately 17 acres. Possible Seller Financing Available! This property was previously a part of the state owned juvenile justice center. ONLY 20 -30 minutes to Babcock Ranch, Ft Myers, Punta Gorda and Interstate 75.

Estimated monthly payment

Principal & interest$19,973

Property taxes$0

Home insurance (est.)$1,810

Down payment

20%

$790,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history1244 days on market

Status: Active
Aug 11, 2024
Listed$5,000,000
Feb 14, 2023
Price reduced$3,950,000

Facts & features

Property type: Commercial Sale
Sub type: Mixed Use
Status: Active
Days on market: 1244
County: Desoto
Year built: 1968
Price/sq ft: $42
Building area: 94,986 sq ft (Public Records)
Lot size: 744,839 sq ft
Lot category: 10 to less than 20
Flood zone: X
Parcel #: 34-38-25-0000-0010-0000
Zoning: PUD
MLS #: C7471372

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Heating & Cooling

Cooling: None

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Listing terms: Owner Financing
Ownership: Corporation

Exterior & Construction

Construction materials: Block
Foundation: Slab
Road surface: Paved

Utilities

Utilities: Electrical Nearby

Listing Details

Listing date: 2023-02-14
On market date: 2023-02-14
Original list price: $5,000,000
MLS area: 34266 - Arcadia
Listing AOR: Port Charlotte
Status changed: 2024-08-11
Tax legal description: ALL OF SEC 34-38-25 LESS THAT PART LYG E OF HWY 31 & LESS THAT PART OF THE FOLLOWING LYING IN SEC 27-38-25: BEG SW COR OF SEC 27 TH N 00D10M56S E 914.74 FT TO POB TH 1150.59 FT TH S 89D01M47S E 2345.71 FT TH S 11D33M02S E 361.79 FT TH S 85D03M56S E 227.61 FT TH S 00D22M09S W 301.04 FT..

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From Hwy 70, turn onto Hwy 31 S. Follow for approx. 5 miles. Property on right.

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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.

Based on information submitted to the MLS GRID as of July 14, 2026 at 11:52 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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