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    2390C Oak St St Carrabelle, FL 32322

    For Sale
    $850,000

    Beachfront Commercial & Residential Complex

    Property size:
    8,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This unique 8,100 sq ft commercial property in Carrabelle, FL, offers a rare blend of commercial and residential spaces. Situated on 1.2 acres, just three blocks from Highway 98 and four blocks from the bay, this property boasts a prime location across the bay from Dog Island and five minutes from Carrabelle Beach. The property includes two fully equipped restaurants, featuring a large stone pizza oven, and three-phase power. A studio apartment with marble countertops and exposed brick is ready for immediate use as an Airbnb, while a second Airbnb is nearing completion. A large, beautifully refurbished apartment provides additional residential space. The main building also features an office, media room, five bathrooms, seven storage units, and three extra-large rooms with street-facing storefronts. A new 30x30 foot metal building with steel reinforcement provides additional storage or workspace. The property also includes a 1,200 sq ft veranda and is fully fenced. The property benefits from city water and sewer, as well as a well for irrigation. A security system is in place. This historically significant property, with 98% restoration completed, presents a remarkable investment opportunity in a charming coastal community. The property's unique zoning allows for both commercial and residential uses, making it a truly versatile and valuable asset.

    Property Features for 2390C Oak St St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,100 SF
    Lot Size
    52,272 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.59525
    Latitude
    29.885

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    FAQs

    What type of property is this?
    Commercial real estate - Beachfront Commercial & Residential Complex
    Where is this commercial real estate located?
    The property is located at 2390C Oak St St Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    (850) 566-9293
    Request Owner's contact information
    2390C Oak St St 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

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    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
    2390C Oak St St Carrabelle, FL 32322
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