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    101 Hwy 98 Eastpoint, FL 32328

    For Sale
    $800,000

    Prime Eastpoint location, mixed-use building, high traffic.

    Property size:
    2,856 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    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.

    Property Features for 101 Hwy 98

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,856 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1943
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eastpoint
    County
    Franklin
    State
    Florida
    Longitude
    -84.8713
    Latitude
    29.7983

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Eastpoint location, mixed-use building, high traffic.
    Where is this commercial real estate located?
    The property is located at 101 Hwy 98 Eastpoint, FL.
    What is the asking price?
    The asking price for this property is $800,000.
    (850) 879-0687
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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
    101 Hwy 98 Eastpoint, FL 32328
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