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    2390 Oak St Carrabelle, FL 32322

    Sponsored
    For Sale
    $789,000

    Beachfront potential, 7000 sqft, 3 apartments

    Property size:
    7,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This unique 7,000 square foot property at 2390 Oak Street in Carrabelle, Florida, presents a compelling investment opportunity. Situated on a 0.01-acre lot just three blocks from Highway 98 and the bay, this historic building boasts a newly installed 24-gauge metal standing seam roof, signifying significant recent investment. The property is zoned for both commercial and residential use, offering remarkable flexibility. Currently featuring three apartments, including a beautifully refurbished 1800 square foot unit with high ceilings and exposed beams, and a studio apartment with marble countertops and exposed brick, there's potential to add three more. A fully equipped restaurant space, complete with a large stone pizza oven, is ready for immediate use. Additional features include a well-appointed office, a massage room, three extra-large rooms with storefront potential, five bathrooms, and seven storage units. The property also benefits from 3-phase power and has recently been fully fenced. A new 30x30 garage adds further value and utility. This versatile property is ideal for a live-work arrangement, a private compound, or a thriving commercial venture, all within easy reach of the beach. The property's blend of historic charm and modern updates makes it a truly exceptional offering.

    Property Features for 2390 Oak St

    General Information

    Property type
    Investment properties
    Square Feet
    7,000 SF
    Lot Size
    436 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Delta 8 RX ... Health Food Store

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Hotel & Motel Electrical Service Cafe & Coffee Shop Travel Agency Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.59525
    Latitude
    29.885

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    FAQs

    What type of property is this?
    Investment property - Beachfront potential, 7000 sqft, 3 apartments
    Where is this investment property located?
    The property is located at 2390 Oak St Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $789,000.
    (855) 400-8566
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    2390 Oak 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

    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
    2390 Oak St Carrabelle, FL 32322
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