212 Us-98Port St. Joe, FL 32456

Property Details for 212 Us-98

Year built

2003

Lot size

0.67 AC

Property size (Sq ft)

13,550 SF

Property type

Healthcare properties

Property subtype

Other office properties

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

Location Insight

City

Port St. Joe

County

Gulf

State

Florida

Latitude

29.8187

Longitude

-85.3056

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