If there was no way to know who owned it then it depends on what it was. Valuable things? should be turned into the police. If it is a cheap thing like an old sock, who cares?
In short, yes, you can be arrested for that. To make an arrest, one simply has to file an affidavit. That does not mean you are guilty. If you are arrested, you need to get an attorney to protect your rights.
If the police develop evidence that suggests you took the thing from a person, or other crime, then you could be arrested if all they have is that you had possession for a time, they can arrest but there is not a lot of evidence of theft it may depend on the property
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