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    163 E Gulf Beach Dr Eastpoint, FL 32328

    For Sale
    $1,399,000

    Improved Commercial - St. George Island, FL

    Property size:
    4,140 SF
    Lot size:
    0.15 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 163 E Gulf Beach Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    29-09S-06W-7310-008E-0120
    Size
    4,140 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Ceiling, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Heat Pump

    Building Details

    Year built
    2001
    Flooring type
    Tile
    Building materials
    Frame, Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    ST. GEORGE ISLAND REALTY (850) 927-4777

    Listing agent Blalock - Gill Team (850) 927-4777

    Listing date Dec 4, 2025

    MLS# 324166 Listing URL

    Copyright © 2025 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    St. George Island Mixed-Use Building

    This mixed-use building offers both commercial and residential opportunities. The ground floor features approximately 2,070 sq. ft. of commercial space, leased to a SUBWAY restaurant since 2005. The tenant operates under a $4,500/month triple net (NNN) lease, covering taxes, insurance, and maintenance. Upstairs, the residence mirrors the commercial footprint with another 2,070 sq. ft. of living space. The residential unit includes two living areas, a great room, three bedrooms, and two full baths. It is currently a short-term rental on VRBO and Airbnb, generating $68,553 in Gross Rental Income (GRI) for 2024. Recent upgrades include a new roof installed in 2023, a new HVAC system (2021), and new Hardie siding on sides of exterior. Regular structural and septic maintenance has been performed. Flood insurance is assumable at $3,541 per year. The property provides dual income streams. The commercial space may also be purchased separately. The property size is 4,140 square feet and the lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Building Supply Wholesale Shop Hair Salon Clothing Store Department Store Storage Facility Bar & Pub Realty agency Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastpoint
    County
    Franklin
    State
    Florida
    Longitude
    -84.8604784
    Latitude
    29.6646566

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential unit.
    Where is this mixed-use property located?
    The property is located at 163 E Gulf Beach Dr Eastpoint, FL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Dual Income Streams: Commercial space leased to SUBWAY and residential unit generating $68,553 GRI in 2024.; - Turnkey Investment: SUBWAY handles taxes, insurance, and maintenance with a NNN lease ($4,500/month).; - Spacious Residential Unit: Large condo-style unit (2,070 sq. ft.) with two living areas, three bedrooms, and two baths.
    (850) 927-4777
    Request Owner's contact information
    163 E Gulf Beach Dr Eastpoint, FL 32328
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    Eastpoint, FL 32328
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    163 E Gulf Beach Dr Eastpoint, FL 32328
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