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    1506 Highway 98 W Carrabelle, FL 32322

    For Sale
    $999,900

    Improved Commercial - Carrabelle, FL

    Property size:
    2,439 SF
    Lot size:
    0.48 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1506 Highway 98 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-3
    APN
    19-07S-04W-0000-0280-0070
    Size
    2,439 SF
    Lot size
    0.48 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1977
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    RECIPROCAL OFFICE

    Listing agent Dennis Nelson

    Listing date Oct 8, 2025

    MLS# 321001 Listing URL

    Copyright © 2025 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

    Carrabelle Commercial Waterfront Opportunity

    This commercial property is located in Carrabelle, a fishing village on Florida's Gulf Coast. The property features over 800 feet of water frontage with docks and boat lifts. A two-story concrete block structure is present, suitable for restoration into offices, storage, a clubhouse, or residences. There is space for additional construction or demolition and redevelopment. The docks are relatively new and ready for leasing, slip fees, or recreational businesses. The property is centrally located on the river, approximately one mile from St. George Sound, offering visibility and convenient access to town. Carrabelle has a history in shrimping, oystering, and both commercial and recreational fishing. This property is suitable for private owners, fishing boats, supplies, and service-oriented businesses. The zoning is C-4 Commercial with C-2 allowances. Boat lifts (12K & 20K) have had their motors removed. Power is available at the dock, but not to individual slips. The property includes city sewer and water utilities, as well as a deep well. The lot size is 0.48 acres, and the existing structure is 2439 square feet. A survey is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Restaurant Realty agency Dental Office Auto Repair Shop Clothing Store Auto Parts Store Gym & Fitness Department Store Hotel & Motel Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.6770795
    Latitude
    29.8480987

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    FAQs

    What type of property is this?
    Marina - Unique commercial property with extensive water frontage in Carrabelle, Florida.
    Where is this marina located?
    The property is located at 1506 Highway 98 W Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: - Over 800' of waterfrontage with numerous docks and boat lifts, ideal for water-related businesses.; - Zoned C-4 Commercial with C-2 allowances, offering diverse development possibilities.; - Convenient central location on the river, close to St. George Sound and the town of Carrabelle, with excellent visibility.
    (850) 348-8262
    Request Owner's contact information
    1506 Highway 98 W Carrabelle, FL 32322
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    Carrabelle, FL 32322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 Highway 98 W Carrabelle, FL 32322
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