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    OFF-MARKET
    Office Spaces

    212 Us-98, Port St. Joe, FL 32456

    13,550 SF 0.67 ac lot Built 2003
    Property ID
    Property summary
    AI-generated overview

    Town Center Plaza presents a compelling investment opportunity in Port St. Joe, Florida. This exceptional property comprises two buildings totaling 13,550 square feet, situated on a 0.67-acre lot with 250 feet of high-visibility frontage on Highway 98. The complex boasts a desirable location in Gulf County, offering excellent ingress and egress, and prominent signage opportunities. Town Center North, a three-story, 9,050 square foot building constructed in 2004, features five condominiums and an elevator, showcasing above-average finishes. This building provides professional office space. Town Center South, a single-story, 4,510 square foot retail/office strip center, built in 2003, underwent a roof replacement in 2017 and currently houses three units. The entire property is currently 100% occupied, generating a strong 8.00% cap rate. The asking price is $2,250,000, translating to $166.05 per square foot. The property's Class B designation reflects its well-maintained condition and strong tenant base. The legal description includes APNs: 05685-055R

    Property profile
    Verified
    Property type Office Spaces
    Year built 2003
    Total area 13,550 SF
    Lot 0.67 ac (29,185 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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