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    307 7Th St Carrabelle, FL 32322

    For Sale
    $245,000

    Historic Carrabelle Business Opportunity

    Property size:
    1,412 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property at 307 SE 7th St, Carrabelle, FL, presents a unique investment opportunity. Encompassing 1,412 square feet on a 0.23-acre lot, this property includes two lots: one with an existing building and one vacant lot. The building, a concrete block structure, is a piece of Carrabelle history, formerly operating as The Magnolia Club, a bar and pool hall. Built in 1977, the building offers endless possibilities for a new business owner. Its prime location, just one block from US Hwy 98, ensures high visibility and accessibility. The adjacent vacant lot provides potential for expansion or future development. The property's strategic location offers easy access to downtown Carrabelle, Carrabelle Beach (minutes away), a nearby golf course (ten-minute drive), and the renowned white sand beaches of St. George Island (thirty-minute drive). Furthermore, it's within minutes of the Carrabelle Lighthouse, museums, restaurants, and shopping, and an hour's drive from Tallahassee. Priced at $245,000, this property represents a compelling chance to own a piece of Carrabelle's rich history and capitalize on its vibrant community and tourism.

    Property Features for 307 7Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,412 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1977
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.65862
    Latitude
    29.84958

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Carrabelle Business Opportunity
    Where is this commercial real estate located?
    The property is located at 307 7Th St Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $245,000.
    (850) 990-0020
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    307 7Th St 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

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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
    307 7Th St Carrabelle, FL 32322
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