101 Hwy 98, Eastpoint, FL 32328
This exceptional commercial property, located at 101 Hwy 98 W in Eastpoint, Florida, presents a unique investment opportunity. The 2,856 square foot masonry building sits on a 0.9-acre lot, boasting approximately 200 feet of frontage on the heavily trafficked Highway 98, experiencing an estimated 7,800 vehicles daily. The property's C4 Mixed Use zoning allows for diverse business applications. The building features a ground-level commercial space exceeding 1,700 square feet, ideal for retail or office use, and a rare basement providing ample storage or inventory space. Adding to its versatility, a spacious 1,100+ square foot, two-bedroom apartment occupies the upper level, offering potential for owner occupancy or rental income. This upstairs living area is highlighted by abundant natural light and high-quality finishes. Public water and sewer connections ensure operational convenience. The property's enviable location is just across from the Indian Creek boat ramp, providing easy access to Apalachicola Bay, and minutes from the renowned beaches of St. George Island and the historic city of Apalachicola. Mature landscaping, including historic oaks and palms, enhances the property's curb appeal and provides a tranquil setting. This is an outstanding opportunity for a new or established business seeking a prime location with significant income potential. Showings are by appointment only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.