Carrabelle Retail Investment
For Sale
Contact for pricing
204 US-98, Carrabelle, FL 32322
Retail property with long-term lease and high-traffic location.
Property Size10,500 SF
Price / SF$261.54
Days on Market1175
Property Features for 204 US-98
General Information
Standard status
Active
Size
10,500 SF
Total Parking Spaces
42
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$178,500
Building Details
Year Built
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Twin Rivers Capital Real Estate Development
Listed By:
Joe Boyd · License #SC
Source:
Crexi
Added: Jul 31, 2023
Changed: Oct 3
Last Checked: Oct 16 at 9:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Twin Rivers Capital Real Estate Development
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property features a long-term lease with an investment-grade tenant known for its recession-proof and e-commerce-resistant business model. The property is located on US Hwy 98, which experiences a traffic volume of approximately 5,900 vehicles per day. The building has a total area of 10,500 square feet and is currently configured as a combo store format.
Key Highlights
- 10+ year lease provides long‑term investment security.
- Investment grade tenant ensures reliable income stream.
- Recession‑proof tenant offers stability during economic downturns.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32322, FL
4,213
Population
2,258
Households
1.9
Avg Household Size
48
Median Age
16%
College-Educated
75%
High-School Grad
75.4 sq mi
ZIP Area
56
Density / Sq Mi
$58,030
Median Household Income
$28,250
Median Earnings
$1,231
Median Rent
$213,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with long-term lease and high-traffic location.
Where is this grocery and convenience store located?
The property is located at 204 US-98 Carrabelle, FL.
What is the asking price?
The asking price for this property is $2,746,154.
What are key features of this property?
This property features: 10+ year lease provides long‑term investment security.; Investment grade tenant ensures reliable income stream.; Recession‑proof tenant offers stability during economic downturns.
