1002 Highway 98 West, Carrabelle, FL 32322
Franklin County
Key Facts
Description
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. 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 façade 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Living Area
1,427 sq ft
Lot Size
0.38 acres
Days on Market
7
MLS® Listing#
398550
Property Features
Cooling
Heating
Flooring
Lot Features
Construction
Utilities
Water Source
Financial Details
Parcel Number
12037-20-07S-04W-4230-0B15-0010
Directions
Highway 98 West; corner of Hwy 98 & W 9th Street
Affordability Calculator
$60,000
Estimated monthly payment
$1,597/mo
Principal $240,000 · Est. interest $334,821 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Carrabelle, FL
- $400,000
- Median Listing Price
- 80
- Median Days on Market
- 1,479
- Median Sq Ft
- $245
- Median Price / Sq Ft
- 26
- Active Listings
- This home’s price is 25% below the area median.
- Its price per sq ft is 14% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Carrabelle, FL.
Location
Points of Interest in Carrabelle, FL
Showing the Carrabelle area map.
Nearby Schools
Franklin County School
School · 10.8 mi away
Eastpoint Elementary School
Elementary · 14.3 mi away
First Baptist Christian School
School · 20.9 mi away
Apalachicola Bay Charter School
Elementary · 21.1 mi away
Bay Community School
School · 21.6 mi away
Medart Elementary School
Elementary · 23.1 mi away
Wakulla High School
Secondary · 25.0 mi away
Wakulla Middle School
Secondary · 26.2 mi away
Crawfordville Elementary School
Elementary · 28.3 mi away
Savary Academy
School · 28.9 mi away
Happy Time Instructional Child Care
School · 32.5 mi away
Shadeville Elementary School
Elementary · 32.9 mi away
Riversprings Middle School
Secondary · 32.9 mi away
Wakulla Christian School
School · 33.0 mi away
Riversink Elementary School
Elementary · 33.8 mi away
Coast Charter School
Elementary · 35.0 mi away
Wewahitchka High School
Secondary · 35.7 mi away
Wewahitchka Elementary School
Elementary · 35.7 mi away
Faith Christian School
School · 37.2 mi away
Port St Joe High School
Secondary · 37.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2990 Pristine Drive, Carrabelle, FL | $210,000 | — | — | — |
| XXX No Address Street, Carrabelle, FL | $225,000 | — | — | — |
| 903 NW AVENUE A, Carrabelle, FL | $239,000 | 3 | 1 | 802 |
| 727 Mill, Carrabelle, FL | $250,000 | — | — | — |
| 357 Pirates Landing Drive, Carrabelle, FL | $256,900 | 1 | 2 | 776 |
| 1732 Carrabelle Beach Drive, Carrabelle, FL | $260,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Carrabelle
Listing Courtesy: Beach Properties of Florida - 8502524160
Presented by: John P Brown