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Property profile & analytics
OFF-MARKET
Commercial real estate

2390C Oak St St Carrabelle, FL 32322

8,100 SF 1.2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 8,100 SF
Lot 1.2 ac (52,272 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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