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    503 Storrs Ave Carrabelle, FL 32322

    For Sale
    $45,000

    Prime Carrabelle lot, C1 zoning, near beaches.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 0.23-acre commercial lot presents a unique investment opportunity in the desirable Carrabelle, Florida area. Located at 503 Storrs Avenue, this property enjoys a highly convenient location, just one block from Highway 98, providing easy access to major transportation routes. The property's proximity to downtown Carrabelle, boat launches, and the stunning white sandy beaches makes it an ideal location for a variety of commercial ventures. The lot is zoned C1, and prospective buyers should review the Carrabelle City zoning attachment for a complete list of permitted uses. This allows for considerable flexibility in developing a business that complements the area's thriving tourism and coastal lifestyle. The relatively small size of the lot makes it an attractive option for smaller businesses or those seeking a manageable development project. Given its prime location and zoning, this property offers significant potential for growth and return on investment. The asking price of $45,000 represents a compelling opportunity to acquire a strategically located commercial lot in a sought-after coastal community. Don't miss this chance to secure a piece of Carrabelle's vibrant commercial landscape. Contact us today to learn more and schedule a viewing.

    Property Features for 503 Storrs Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,019 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrabelle
    County
    Franklin County
    State
    Florida
    Longitude
    -84.6373
    Latitude
    29.8897

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Carrabelle lot, C1 zoning, near beaches.
    Where is this commercial real estate located?
    The property is located at 503 Storrs Ave Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $45,000.
    (850) 697-1010
    Request Owner's contact information
    503 Storrs Ave 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
    503 Storrs Ave Carrabelle, FL 32322
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