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Property profile & analytics
OFF-MARKET
Commercial real estate

503 Storrs Ave Carrabelle, FL 32322

0.23 ac lot
Entity Owned 8-yr Hold
Property ID
US18-6194118
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.23 ac (10,019 SF)
UPID US18-6194118
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Blue Moon Group LLC · 8 yrs held
Blue Moon Group LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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