131 US Highway 98 - Showroom FOR SALE


Eastpoint, FL 32328
$982,600 USD
850-323-2765
131 US Highway 98, Eastpoint, FL for Sale
$982,600 USD
Showroom - FOR SALE
1/35

NEW


131 US Highway 98
Eastpoint, FL 32328


HIGHLIGHTS

  • :ocated in an Opportunity Zone (see your tax professional for details), Large 1+ Acre lot, Flood Zone X, Mixed Use Zone (wide array of uses)

OVERVIEW

Prime Investment Opportunity Located at 125 & 131 US Highway 98, Eastpoint, FL 32328, this former home of Wefings Marine (operating for 24 years) presents a unique opportunity for investors and entrepreneurs looking to capitalize on a versatile property. With a total site size of 1.010 acres, this property is strategically situated in a high-traffic area, making it ideal for various residential and commercial ventures. Investment Potential: This property is zoned for multiple uses, making it a versatile investment option for a broad range of buyers. Whether you are an investor looking to develop or a business owner seeking a new location, the zoning allows for various opportunities, including retail, office, and residential uses. The substantial covered storage area is particularly attractive for businesses that require ample space to show inventory or warehouse equipment. Location Benefits: High Visibility: Located on a major highway, ensuring excellent visibility and accessibility for customers and clients. Eastpoint is the center of Franklin County, and as such, the communities of St George Island, Carrabelle, and Apalachicola are within easy reach of Eastpoint making it the most desirable location in the area, Growing Area: Eastpoint is experiencing growth, making this an opportune time to invest in the local real estate market. Don't miss your chance to acquire this prime property in Eastpoint. Contact us today to schedule a viewing and explore the endless possibilities for development and investment at this location. This is a rare opportunity to secure a versatile property in a thriving community. Act now! Site and Improvement Description - Key Property Metrics: • The subject property is made up of six structures on two parcels that are contiguous. • The east parcel has a two-story CBS building with an air-conditioned office and showroom area and a one-story workshop space located behind the office building. • The westernmost structure is a large 15,000-square-foot covered shed with walls on two sides, which is used for boat display, repair, and service. • The property has direct frontage on US Highway 98. • The enclosed buildings total 4,296 square feet, and the covered storage buildings total 19,380 square feet of space. • The buildings were built in 2004 and are in average condition for their respective ages. • The site area is estimated at 1.010 acres. The property is zoned C-4, Mixed Use Residential & Commercial, by Franklin County. The observed condition of the building is considered average for its age and consistent with the competitive properties located within the subject's immediate submarket. The property has been operated as an office and retail facility for over 20 years and is considered to have an efficient layout and shape for its size. The property is located on the north right-of-way of US Highway 98 and has excellent exposure to east and westbound traffic.

FOR SALE DETAILS

PRICE

$982,600 USD

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Wefing's Marine

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Auto Dealership, Storefront Retail/Residential, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

UTILITIES

Lighting - Fluorescent, Gas, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

47 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01

LAND SF

43,996

ZONING

C4

APN/PARCEL ID

36-08S-07W-0000-0130-0010,36-08S-07W-0000-0140-0120

ASK ABOUT THIS PROPERTY

Donnie GaySt. George Island Realty LLCMore Info
850-323-2765

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Donnie GaySt. George Island Realty LLCMore Info
850-323-2765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.