St. George Island Real Estate Logo



$379,000

122 COMMERCE ST
Apalachicola, FL 32320

MLS #303511


Agent: Michael Billings    Phone: 8502288100   

Office: St George Island Realty, LLC

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Attributes

0.0
1904
NO NAMED SUBDIVISION

Description

Income producing, maintenance-free, historic poured-in-place concrete building in ideal shopping and dining locale of Apalachicola. Recently renovated throughout for permanence and indestructibility. LEEDS standards for energy with LED lighting, DC 84” ceilings fans. ADA bath and private patio. South court yard fenced with Rudolf Valentino original cast iron panels. Timeless design nets over 5% annually with lease through 2022. New HVAC air handler installed 8/2020. Building was rented from February through December 2020. During this 11 month period it generated $22,000 GRI resulting in a 5.8% net rate of return.


Property information provided by the REALTOR'S® Association of Franklin and Gulf Counties, Inc.. 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. This data is deemed reliable but is not guaranteed accurate by the MLS.

St. George Island Realty Logo 139 East Gulf Beach Dr. - St. George Island, FL 32328
800.344.7570 - 850.927.4777
info@sgirealty.com
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