Property profile

101 Hwy 98 Eastpoint, FL 32328

OFF-MARKET
Commercial real estate
2,856 SF 0.9 ac lot Built 1943
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Year built 1943
Total area 2,856 SF
Lot 0.9 ac (39,204 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

101 Hwy 98 Eastpoint, FL 32328
Eastpoint metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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