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$249,900
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Property Description
Welcome to a prime commercial opportunity in a highly sought-after location! Nestled just one block from the west side of the Carrabelle Bridge, at the corner of Hwy 98 and Timber Island Road, this .57-acre property offers many possibilities. Zoned C4 mixed use, it conveniently adopts C2 usage, providing a versatile range of potential applications. You'll find the zoning details in the accompanying documents. This property is equipped with city water and a septic system, and it also offers the potential to connect to the city sewer with the necessary tap and pit fees. Its central location is a major advantage, situated between downtown Carrabelle, the beautiful Carrabelle Beach, and the Timber Island public boat ramp, making it an ideal spot for businesses catering to both locals and tourists. On the property stands an existing concrete building, noted on the property appraiser's site as being constructed in 1964, with a metal roof. While the exact age of the roof is unknown, there are no reported leaks. Previously, this property was leased for eight months at $1,000 per month, plus property taxes and utilities, until the tenant's permanent location was ready. This is a fantastic opportunity for investors or business owners looking to establish a presence in a vibrant and growing area. This property is being sold As Is! Seller will consider Owner Financing with 50% Down. Don't miss out on the chance to make this versatile property your own!
Full Property Details
Full Property Details for 1582 Hwy 98
General
- Price: $249,900
- Status: Active
- Type: Commercial
- Source: 933
- MLS ID: 321560
- Updated: 3/31/2026
- Added to Site: 415 day(s) ago
Interior
- Furnishings: Unfurnished
- Flooring: See Remarks
Location
- Area: Carrabelle
- Subdivision: No Named Subdivision
- Driving Directions: From downtown Carrabelle going west over the bridge, make a right on Timber Island rd. Property is on the right with 2 driveways to access. Directly across from the Boat Club
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: See Remarks, Septic Tank
- Water: Public
- Utility Description: Electricity Connected, Water Connected
Structural Information
- Description/Design: Freestanding Building, See Remarks
- Construction Status: Construction Complete
- Exterior Const.: Concrete
- Roof: Metal
- Ceiling Height: 8
- Square Feet: 728
- Living Area: 880 Sq. Ft.
- Year Built: 1964
Unit Information
- Occupancy Rate: Vacant
Lot Features
- Lot Dimensions: 125 x 200
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Special Conditions: As Is
- Legal Description: 125 FT X 200 FT OR 101/493 114/60 139/577 151/18 506/168 1312/313 1369/205
- Property ID: 30-07S-04W-0000-0030-0000
Listed by Anchor Realty Florida
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Schools
Schools serving 1582 Hwy 98
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 | 9.8 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 1582 Hwy 98
Date
Details
Price
Change
Source
6/26/2025
Price Reduced
$249,900
-5.7%
MLS
4/04/2025
Listed
$265,000
—
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 1582 Hwy 98
1582 Hwy 98, Carrabelle, FL 32322 (MLS# 321560) is a Commercial property. 1582 Hwy 98 is currently listed for $249,900 and was received on April 04, 2025. Want to learn more about 1582 Hwy 98? Do you have questions about finding other Commercial real estate for sale in Carrabelle? You can browse all Carrabelle real estate or contact a Coldwell Banker agent to request more information.

