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$300,000 Just Listed
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Property 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. 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.
Full Property Details
Full Property Details for 1002 Hwy 98 W
General
- Price: $300,000
- Taxes: $2,532 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: 933
- MLS ID: 328041
- Updated: 4/15/2026
- Added to Site: 3 day(s) ago
Interior
- Furnishings: Unfurnished
- Flooring: Wood
Location
- Area: Carrabelle
- Subdivision: No Named Subdivision
- Driving Directions: Highway 98 W - property across the street from The Moorings Marina
Heating & Cooling
- Cooling Type: HVAC
- Heating Type: HVAC
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Internet Available, Sewer Connected, Water Connected
Structural Information
- Construction Status: Construction Complete
- Exterior Const.: Frame
- Roof: Asphalt
- Ceiling Height: 8
- Square Feet: 1,427
- Living Area: 1,427 Sq. Ft.
- Year Built: 1935
Unit Information
- Occupancy Rate: Vacant
Lot Features
- Lot Dimensions: 98 x 167 x 98 x 167
- Frontage: 98
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $2,532
- Tax Year: 2025
Disclosures and Reports
- Legal Description: BL B R 15 85 LOTS 1 2 3
- Property ID: 20-07S-04W-4230-0B15-0010
Listed by Berkshire Hathaway HomeServices - SGI
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Schools
Schools serving 1002 Hwy 98 W
School District:Franklin County School District, Eastpoint, FL
| Name | Grades | Distance |
|---|---|---|
Franklin County Schools Pk-12 1250 U.S. 98, Eastpoint, FL 32328 | PK-12 | 9.1 mi |
Franklin Virtual Instruction Program 85 School Road, Eastpoint, FL 32328 | K-12 | 13 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1002 Hwy 98 W
Date
Details
Price
Change
Source
4/15/2026
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1002 Hwy 98 W
1002 Hwy 98 W, Carrabelle, FL 32322 (MLS# 328041) is a Commercial Multi-Family property. 1002 Hwy 98 W is currently listed for $300,000 and was received on April 15, 2026. Want to learn more about 1002 Hwy 98 W? Do you have questions about finding other Commercial Multi-Family real estate for sale in Carrabelle? You can browse all Carrabelle real estate or contact a Coldwell Banker agent to request more information.

