203 Us-98 Eastpoint, FL 32328
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.