2390C Oak St St Carrabelle, FL 32322
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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