1001 Hwy 98 E Carrabelle, FL 32322
- Added:
- Jan 17, 2026
- Days on Market:
- 74
- Last Refresh:
- Apr 1 at 12:06 pm
Property Features for 1001 Hwy 98 E
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Standard status
- Active
- APN
- 2907S04W420000240150
- Size
- 3,060 SF
- Lot size
- 0.73 Acres
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- LOTS 13-16, BLOCK 37 (OLD BLOCK 24), KELLEY'S PLAT, TO THE CITY OF CARRABELLE, ACCORDING TO THE MAP OR PLAT THEREOF AS RECORDED IN PLAT BOOK 2
- TaxAnnualAmount
- 4220
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Slate, Vinyl, Tile
- Building materials
- Frame
- Roof type
- Metal
Listing agent Donnie Gay (850) 323-2765
Listing office St George Island Realty, Llc 115 W Gulf Beach Dr., ST. GEORGE ISLAND, FL (850) 927-4777
Listing date Jan 17, 2026
MLS# 325048
Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Coastal Lodge Business Opportunity
Cole's Lodge is a coastal lodging business located in Carrabelle, Florida. This property, situated on Highway 98, features eight units, including seven 1BR/1BA suites and one 2BR/1BA unit, with one unit requiring interior construction. Additionally, there are two RV sites, one with 30-amp and the other with 50-amp service, both equipped with water and sewer connections. The property size is 3060 square feet, situated on a lot of 0.7308 acres. The business includes all FF&E, the established business entity, website, branding, and goodwill. The location provides visibility and access to downtown Carrabelle, the public boat ramp, marinas, and the beaches of St. George Island. The property is positioned to accommodate anglers, eco-tourists, contractors, and travelers. The projected Year-1 rental income is approximately $131,955, with an estimated Net Operating Income of $88,718, based on conservative occupancy assumptions and a 47% occupancy rate. The RV sites are not included in these financial projections. The property is zoned C-1.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cole's Lodge
Hotel & Motel
Similar Places Nearby
- Georgian Motel — 11 Marine St, Carrabelle, FL 32322
Location Insight
- Map
- Local Demand
- City
- Carrabelle
- County
- Franklin
- State
- Florida
- Longitude
- -84.6563939
- Latitude
- 29.8497789
Nearby Similar for Sale
FAQs
What type of property is this?
Bed & breakfast - Turnkey lodging business with income potential in Carrabelle, Florida.
Where is this bed & breakfast located?
The property is located at 1001 Hwy 98 E Carrabelle, FL.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Turnkey, income‑producing coastal lodging business with established branding, website, and goodwill for seamless transition and immediate cash flow.; Projected Year‑1 rental income of approximately $131,955 with an estimated Net Operating Income of $88,718.; Eight units (seven 1BR/1BA suites and one 2BR/1BA unit) plus two RV sites with water and sewer connections.
