$379,000

122 COMMERCE ST
Apalachicola, FL 32320


Attributes

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.
Courtesy of: St George Island Realty, LLC


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