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275 US Highway 98 1.68 Acres of Commercial Land Offered at $2,187,912 CAD in Eastpoint, FL 32328

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Investment Highlights

  • Cleared commercial land lot with 406-linear feet of frontage on Florida 30: approved plans for rental development.
  • Nearby amenities include banking, coffee shop, gas station, several local dining options, Family Dollar, and Weems Memorial Hospital.

Executive Summary

1.68 acres of prime commercial property with exceptional visibility and access on US Highway 98, centrally located in the heart of Eastpoint—the gateway to St. George Island. This highly visible corner-influenced parcel offers approximately 400 feet of frontage on Hwy 98 and an additional 200 feet of frontage on Franklin Street, providing excellent exposure and flexible site planning options. FLDOT-approved ingress and egress from Highway 98 is already in place, a significant advantage for future development. The property is cleared, level, and development-ready, with water and sewer taps already onsite. The location benefits from substantial recent and ongoing infrastructure investment, including new paving along Highway 98 and a newly installed traffic signal approximately 500 feet from the property, enhancing accessibility and traffic flow. The surrounding corridor continues to gain momentum with new commercial development underway, including a national paint store and a new gas station nearby, reinforcing the area’s growing commercial appeal. The site is also conveniently located near a county park and boat ramp serving both year-round residents and the strong seasonal traffic headed to St. George Island and historic Apalachicola, just minutes away. With an AADT of approximately 5,800, strong frontage, approved access, and visible signs of growth, this property presents a compelling opportunity for investors, developers, or owner-users seeking an early position in an expanding coastal market.

Property Facts

Price $2,187,912 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 1.68 AC
Opportunity Zone Yes
Zoning C-1 - Commercial

1 Lot Available

Lot

Price $2,187,912 CAD
Price Per AC $1,302,328.36 CAD
Lot Size 1.68 AC

Property is located on the north side of US HWY 98 across from Taylor's Building Supply.

Property Taxes

Property Taxes

Parcel Number
31-08S-06W-0000-1800-0000
Land Assessment
$548,464 CAD
Improvements Assessment
$51,778 CAD
Total Assessment
$600,242 CAD
  • Listing ID: 31764754

  • Date on Market: 2024-05-10

  • Last Updated:

  • Address: 275 US Highway 98, Eastpoint, FL 32328

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