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    203 Us-98 Eastpoint, FL 32328

    For Sale
    $899,000

    7,500 SF Warehouse, $899K

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Eastpoint, Florida property offers a unique investment opportunity. The 7,500-square-foot warehouse, situated on a 98 x 200 lot at 203 US-98, boasts a solid metal, fully insulated structure with multiple large loading doors. Built in 1998 and renovated in 2017 and 2022, the two-story building features a 25-foot ceiling height and is zoned C4 commercial/residential. An attached two-bedroom, two-bathroom house is included, previously used as an Airbnb and accommodating three local businesses. The property is currently vacant and offers a potential for a quick 30-day closing. The asking price of $899,000 ($119.87/sq ft) reflects recent appraisals. Included in the sale are some furniture and all appliances, including laundry facilities. A dedicated RV area with electric and sewer hookups provides additional potential rental income or owner use. This prime location on Highway 98, between Apalachicola and St. George Island, ensures high visibility and accessibility. Air rights of 7,500 square feet further enhance the property's potential. Several parking areas are available on the expansive lot.

    Property Features for 203 Us-98

    General Information

    Property type
    Distribution properties
    Square Feet
    7,500 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    2

    HighLights

    • 7,500 SF warehouse on a 98x200 lot at 203 US‑98, Eastpoint, FL.
    • Solid metal, fully insulated structure with multiple large loading doors; 25' ceiling height.
    • Two‑story building, built in 1998, renovated in 2017 & 2022; C4 commercial/residential zoning.
    • Includes attached 2‑bedroom, 2‑bathroom house, previously used as an Airbnb.
    • Currently vacant, potential for 30‑day closing; asking price $899,000 ($119.87/SF).
    • Includes furniture and appliances; dedicated RV area with hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Eastpoint
    County
    Franklin
    State
    Florida
    Longitude
    -84.8911931
    Latitude
    29.7364969

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    FAQs

    What type of property is this?
    Distribution property - 7,500 SF Warehouse, $899K
    Where is this distribution property located?
    The property is located at 203 Us-98 Eastpoint, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 7,500 SF warehouse on a 98x200 lot at 203 US-98, Eastpoint, FL.; Solid metal, fully insulated structure with multiple large loading doors; 25' ceiling height.; Two-story building, built in 1998, renovated in 2017 & 2022; C4 commercial/residential zoning.
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    203 Us-98 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
    203 Us-98 Eastpoint, FL 32328
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