425 US-98

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425 US-98

Apalachicola, FL 32320
Asking Price
$2.27M
Asset Type
Industrial
Class
Class B

What's Special

425 US-98 is situated along the main coastal corridor of Apalachicola, Florida, providing direct frontage on a primary regional highway. The surrounding neighborhood features a mix of maritime-related businesses, local retail, and residential pockets common to this historic waterfront community. The property offers convenient logistical access to the city’s working waterfront and is positioned approximately 80 miles southwest of Tallahassee. Local amenities include nearby fuel stations, hardware suppliers, and seafood processing facilities, supporting the logistical needs of regional commerce. This industrial asset is well-suited for businesses requiring functional space with highway visibility and accessibility. Ideal use cases include light manufacturing, marine equipment storage, seafood distribution, or construction trade operations. Typical tenants may include regional contractors, wholesale suppliers, or maritime service providers looking to capitalize on the proximity to the Gulf of Mexico. The site’s configuration supports a variety of storage and operational needs central to Franklin County’s economic activities.

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NOI
$80,000
Cap Rate
3.53%
DSCR
0.59
Underwater
Cash-on-Cash
-8.03%
Monthly Payment
$11,218.848
Annual Cash Flow
$-54,626.171

Location & Travel Times