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148 98 Highway

East Point, FL 32328
  • $599,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 357513
UPDATED: 65 min ago
$599,000
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Prime commercial property right in the very heart of downtown Eastpoint, Florida. ~2.5 acres with over 200 feet of frontage on Highway 98. Ideally located in an Opportunity Zone, this parcel bestows tremendous tax benefits depending upon the length the investment is held. Generally, opportunity zone investments held at least five years receive a cost basis step-up equal to 10% of the capital gain; investments held at least seven years receive an additional basis step-up equal to 5% of the capital gain; and capital gains from the opportunity zone investment are tax free if the investment is held at least 10 years. Please consult a tax professional or attorney for tax considerations specific to your situation. X flood zone per Franklin County records.

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© 2023 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida/Tallahassee. Data last updated: 2023-06-07T14:14:50.84.
www.anchortallahassee.com/homes/138465543
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148 98 Highway East Point, FL 32328

  • Price: $599,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 65 min ago
  • MLS #: 357513
0
Beds
0
Baths
0
½ Baths
2.5
Acres
Neighborhood:
Franklin
County:
Franklin
Area:
Franklin
Property Description
Prime commercial property right in the very heart of downtown Eastpoint, Florida. ~2.5 acres with over 200 feet of frontage on Highway 98. Ideally located in an Opportunity Zone, this parcel bestows tremendous tax benefits depending upon the length the investment is held. Generally, opportunity zone investments held at least five years receive a cost basis step-up equal to 10% of the capital gain; investments held at least seven years receive an additional basis step-up equal to 5% of the capital gain; and capital gains from the opportunity zone investment are tax free if the investment is held at least 10 years. Please consult a tax professional or attorney for tax considerations specific to your situation. X flood zone per Franklin County records.
Exterior Features

Lot Features Level Road Frontage Type Highway Road Surface Type Paved Topography ClearedLevel

Property Features

Current Use Unimproved Lease Considered YN No Listing Agreement Exclusiverighttosell Listing Terms CashConventional Property Sub Type Business Tax Annual Amount 3072

Listing information © 2023 Capital Area Technology & Realtor Services
Listing provided courtesy of Beach Properties Of Florida: 850-534-3006.


© 2023 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida/Tallahassee. Data last updated: 2023-06-07T14:14:50.84.
 
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Anchor Realty Florida/Tallahassee
1309 Thomasville Road, Suite 308
Tallahassee FL, 32303