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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1002 Hwy 98 W in Carrabelle, FL is listed for $300,000 ($210 per sqft). Built in 1935, the home offers 1,426 sqft of living space on a 0.38 acres lot.
Prime high-visibility corner parcel located at Highway 98 West and W 9th Street, directly across from The Moorings Marina, in one of Carrabelle's most recognizable commercial corridors. Zoned C-1 and offered at land value only, this property presents a compelling opportunity for redevelopment, investment, or commercial repositioning.
C-1 zoning appears to support a broad range of neighborhood and highway commercial uses, including retail, restaurants, taverns, professional and service businesses, offices, banks, personal services, auto-oriented uses, lodging such as hotels/motels, and certain residential or mixed-use possibilities by special exception.
An existing house is on site and requires extensive remodeling, making this an ideal prospect for buyers seeking a strategic location with strong upside rather than a turnkey improvement. Situated within the Carrabelle CRA District, the property also benefits from its location in an area targeted for revitalization and continued enhancement.
CRA matching-grant programs have historically supported faade and other exterior improvements to commercial properties in the district, so CRA funds may be available for eligible exterior building beautification improvements, subject to application and approval.
Enjoy close proximity to Carrabelle's marinas, boat ramps, waterfront, grocery, pharmacy, restaurants, and other daily conveniences, all adding to the appeal of this highly visible commercial location. Rare opportunity to secure a prominent corner site with exceptional exposure in the heart of Carrabelle's growing coastal business district.
Key Features
- Built in 1935
- 0.38 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1002 Hwy 98 W
Carrabelle, FL 32322
No Named Subdivision
Property Details
Flooring
Construction
Views
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1002 Hwy 98 W is listed at $300,000 ($210/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.
Key features include: Built in 1935, 0.38 acre lot.
This property is listed by Brenda Brown and can be reached at 8505919444 or brownteam@bpfla.com.
