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Property profile & analytics
OFF-MARKET
Commercial real estate

407 Hwy Eastpoint, FL 32328

1.23 ac lot Built 1900
Property ID
Property summary
AI-generated overview

This exceptional 1.23-acre commercial property boasts a prime location on Highway 98 in Eastpoint, Florida, offering unparalleled access to the stunning Forgotten Coast. The property includes waterfront access to Apalachicola Bay, providing significant potential for various commercial ventures. Across the highway, an additional bay view parcel is also included in this offering. The bayfront parcel is zoned C-1 Commercial Fishing, while the parcel north of Highway 98 is zoned C-4 Commercial Residential Mixed Use, allowing for diverse development possibilities. This versatile property presents a unique opportunity for investors seeking a strategic location near the white sand beaches of St. George Island and the vibrant shops and restaurants of historic Apalachicola. The site's history as Ard's Grocery & Service Station, a long-standing family business, adds to its rich character. Potential buyers should review the provided documents regarding environmental cleanup. The property's location within an Opportunity Zone may offer valuable tax benefits, further enhancing its investment appeal. This is a rare chance to acquire a significant commercial holding in a rapidly growing coastal community. The property's dual zoning and waterfront access create a multitude of development options, making it an attractive investment for both short-term and long-term growth. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Lot 1.23 ac (53,579 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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