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Property profile & analytics
OFF-MARKET
Commercial real estate

2194 Highway 98 Carrabelle, FL 32322

Entity Owned 1-yr Hold
Property ID
US18-6565013
Property summary
AI-generated overview

This exceptional 5,227.2 square foot commercial lot presents a unique opportunity in the desirable coastal town of Carrabelle, Florida. Located at 2194 E Hwy 98, this property boasts stunning bay views, making it an ideal location for a variety of commercial ventures. Its prime location offers easy access to excellent fishing spots, marinas, golf, pickleball courts, beaches, and the vibrant downtown Carrabelle area. Enjoy the convenience of being just a short distance from the bay, perfect for launching kayaks or paddleboards from the end of Carolina Street. For those seeking a larger area to explore, the beautiful St. George Island is only a 30-minute drive away. The property's infrastructure is further enhanced by the availability of city water and sewer services, simplifying development and construction. This lot presents a rare chance to establish a thriving business in a picturesque coastal setting, combining natural beauty with convenient access to amenities and attractions. The address is 2194 E Hwy 98, Carrabelle, FL 32322. The asking price is $54,000.

Property profile
Verified
Property type Commercial real estate
UPID US18-6565013
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Adams Quality Homes INC · 1 yrs held
Adams Quality Homes INC
since 2024
5 recorded transactions
2024
$44,000
2021
$37,000
2018
$30,000
2016
Price N/A
2016
$14,900
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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