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    362 Patton Dr Eastpoint, FL 32328

    For Sale
    $1,000,000

    Eastpoint, FL: Marina, Restaurant Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional $1,000,000 commercial property in Eastpoint, Florida, presents a unique investment opportunity. Located at 362 Patton Drive, this special-purpose property encompasses two parcels totaling 23,087 square feet, offering significant waterfront development potential. The expansive site boasts 331 feet of waterfront access and 279 feet of road frontage, ensuring excellent visibility and accessibility. Water depths range from 65 feet at the narrowest point to 97 feet at its widest, providing ample space for various water-dependent uses. The property's strategic location offers protection from the elements, sheltered by the St. George Sound Barrier. This prime location in Franklin County, Florida, zip code 32328, is ideal for a diverse range of commercial ventures, including a marina, boat storage facility, waterfront restaurant, or similar development. The property's size and features make it an attractive proposition for investors seeking a high-return waterfront investment in a desirable coastal location. The coordinates are 29.736158 latitude and -84.878814 longitude. This is a rare opportunity to acquire a substantial waterfront property with significant development potential.

    Property Features for 362 Patton Dr

    General Information

    Property type
    Specialty properties

    HighLights

    • $1,000,000 commercial property in Eastpoint, FL.
    • Two parcels totaling 23,087 square feet.
    • 331 feet of waterfront access and 279 feet of road frontage.
    • Water depths ranging from 65 to 97 feet.
    • Located in Franklin County, FL (zip code 32328), offering significant waterfront development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastpoint
    County
    Franklin
    State
    Florida
    Longitude
    -84.878814
    Latitude
    29.736158

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    FAQs

    What type of property is this?
    Specialty property - Eastpoint, FL: Marina, Restaurant Opportunity
    Where is this specialty property located?
    The property is located at 362 Patton Dr Eastpoint, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 commercial property in Eastpoint, FL.; Two parcels totaling 23,087 square feet.; 331 feet of waterfront access and 279 feet of road frontage.
    Request Owner's contact information
    362 Patton Dr 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
    362 Patton Dr Eastpoint, FL 32328
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