Description
Prime commercial property right in the very heart of downtown Eastpoint, Florida. Zoning Classification C-2. ~2.5 acres with over 200 feet of frontage on Highway98. 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. Perfect for climate controlled storage, boat storage or a myriad of other commercial uses.
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0BEDS
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2.5ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime commercial property right in the very heart of downtown Eastpoint, Florida. Zoning Classification C-2. ~2.5 acres with over 200 feet of frontage on Highway98. 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. Perfect for climate controlled storage, boat storage or a myriad of other commercial uses.
© 2023 Realtors Association of Franklin and Gulf Counties. 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 St. George Island Realty. Data last updated: 2023-05-29T23:42:20.487.