407 Us-98 Eastpoint, FL 32328
Exceptional redevelopment opportunity on 1.23 acres of waterfront commercial land in Eastpoint, Florida. This prime coastal property boasts a coveted location on US Highway 98, less than 10 minutes from St. George Island's beaches and Apalachicola's historic downtown. The property includes waterfront access to Apalachicola Bay and a bay view parcel across the highway. Zoning is diverse, encompassing C-1 Commercial Fishing for the bayfront parcel and C-4 Commercial Residential Mixed Use for the parcel north of Highway 98. This versatile land offers significant potential for various commercial and residential ventures. The site's history as Ard's Grocery & Service Station, a long-standing family business, adds to its rich character. Complete environmental cleanup documentation is available for review. The property's strategic location and zoning flexibility, coupled with the potential for Opportunity Zone tax benefits, make this a truly exceptional investment prospect. The asking price is $995,000. APN: 31-08S-06W-0000-1080-0000. Ownership: Connie Ard Roehr et al.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.