503 Storrs Ave Carrabelle, FL 32322
This exceptional 0.23-acre commercial lot presents a unique investment opportunity in the desirable Carrabelle, Florida area. Located at 503 Storrs Avenue, this property enjoys a highly convenient location, just one block from Highway 98, providing easy access to major transportation routes. The property's proximity to downtown Carrabelle, boat launches, and the stunning white sandy beaches makes it an ideal location for a variety of commercial ventures. The lot is zoned C1, and prospective buyers should review the Carrabelle City zoning attachment for a complete list of permitted uses. This allows for considerable flexibility in developing a business that complements the area's thriving tourism and coastal lifestyle. The relatively small size of the lot makes it an attractive option for smaller businesses or those seeking a manageable development project. Given its prime location and zoning, this property offers significant potential for growth and return on investment. The asking price of $45,000 represents a compelling opportunity to acquire a strategically located commercial lot in a sought-after coastal community. Don't miss this chance to secure a piece of Carrabelle's vibrant commercial landscape. Contact us today to learn more and schedule a viewing.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.