212 Us-98 Port St. Joe, FL 32456
- Office Properties & Spaces
- 13,550 SF
- 0.67 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 212 Us-98
- Year built
- 2003
- Lot size
- 0.67 lot acres
- Property size
- 13,550 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port St. Joe
- County
- Gulf
- State
- Florida
- Longitude
- -85.3056
- Latitude
- 29.8187
