Ad #8009348
MLS #325048
Cole's Lodge presents a rare opportunity to acquire a proven
1001 Hwy 98 E, Carabelle, Florida, 32322
$829,000
0Beds
0Baths
3,060Sqft
0.731Acres
About this property
Cole's Lodge presents a rare opportunity to acquire a proven, income-producing coastal lodging business in the heart of Carrabelle. This turnkey operation includes all FF&E, the established business entity, website, branding, and goodwill, offering a seamless transition for an investor or owner-operator seeking immediate cash flow in a supply-constrained market. The property features eight units-seven 1BR/1BA suites and one 2BR/1BA unit (one unit will need interior construction completed), along with two additional RV sites (one 30-amp and one 50-amp), each with water and sewer connections. The RV sites are currently not included in the financial projections, offering meaningful upside for a buyer looking to expand revenue streams with minimal additional investment. Cole's Lodge has been thoughtfully updated and is positioned to capture the steady demand generated by anglers, eco-tourists, contractors, and Forgotten Coast travelers seeking clean, convenient accommodations. Its location on Highway 98 offers excellent visibility and easy access to downtown Carrabelle, the public boat ramp, marinas, and the beaches of St. George Island. Based on conservative occupancy assumptions and an occupancy rate of 47% (AirDNA reports the Carrabelle submarket averages 49%), the projected Year-1 rental income is approximately $131,955, with an estimated Net Operating Income of $88,718. These figures are projections only and are available upon request. These projections do not include income from the two RV sites, which represent additional revenue potential for the next owner. Whether you're expanding a hospitality portfolio or stepping into your first owner-operator venture, Cole's Lodge delivers a compelling blend of stability, scalability, and coastal charm. Opportunities like this-an established business with strong branding, multiple income channels, and room to grow-rarely come to market along the Forgotten Coast.
Property Features
0 Beds
0 Baths
3,060 Sqft
Built in 1996
0.731 Acres
2 Stories
Siding: Frame
Metal Roof
$4,220 / yr property tax
Kellys Plat Community
Additional Photos
Contact Information
Donnie Gay
ST. GEORGE ISLAND REALTY
850-323-2765
Location
Listing Agent: Donnie Gay 850-323-2765
Broker: ST. GEORGE ISLAND REALTY 850-927-4777 Listing Site
Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: ST. GEORGE ISLAND REALTY 850-927-4777 Listing Site
Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 20, 2026
Photo Gallery
$829,000
0
Beds
0
Baths
3,060
Sqft
1001 Hwy 98 E, Carabelle, Florida, 32322
By contacting this agent you agree to these Terms and Conditions.
MLS# 325048
Cole's Lodge presents a rare opportunity to acquire a proven
$829,000
1001 Hwy 98 E, Carabelle, Florida, 32322
0
Beds
0
Baths
3,060
Sqft
0.731
Acres
$829,000
1001 Hwy 98 E, Carabelle, Florida, 32322
0 Beds
0 Baths
3,060 Sqft
0.731 Acres
Cole's Lodge presents a rare opportunity to acquire a proven, income-producing coastal lodging business in the heart of Carrabelle. This turnkey operation includes all FF&E, the established business entity, website, branding, and goodwill, offering a seamless transition for an investor or owner-operator seeking immediate cash flow in a supply-constrained market. The property features eight units-seven 1BR/1BA suites and one 2BR/1BA unit (one unit will need interior construction completed), along with two additional RV sites (one 30-amp and one 50-amp), each with water and sewer connections. The RV sites are currently not included in the financial projections, offering meaningful upside for a buyer looking to expand revenue streams with minimal additional investment. Cole's Lodge has been thoughtfully updated and is positioned to capture the steady demand generated by anglers, eco-tourists, contractors, and Forgotten Coast travelers seeking clean, convenient accommodations. Its location on Highway 98 offers excellent visibility and easy access to downtown Carrabelle, the public boat ramp, marinas, and the beaches of St. George Island. Based on conservative occupancy assumptions and an occupancy rate of 47% (AirDNA reports the Carrabelle submarket averages 49%), the projected Year-1 rental income is approximately $131,955, with an estimated Net Operating Income of $88,718. These figures are projections only and are available upon request. These projections do not include income from the two RV sites, which represent additional revenue potential for the next owner. Whether you're expanding a hospitality portfolio or stepping into your first owner-operator venture, Cole's Lodge delivers a compelling blend of stability, scalability, and coastal charm. Opportunities like this-an established business with strong branding, multiple income channels, and room to grow-rarely come to market along the Forgotten Coast.
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Property Details
HOME DETAILS
0 Beds
0 Baths
3,060 Sqft
Built in 1996
0.731 Acres
2 Stories
EXTERIOR
Siding: Frame
Metal Roof
FINANCIAL & COMMUNITY
$4,220 / yr property tax
Kellys Plat Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
8009348
Viewed
26 times
Listing Status
Active
Added
Jun 10, 2026
Last Refresh
Jul 19, 2026 11:35:16 PM
Listing Information
Data Source
Forgotten Coast Realtor Association
Source Property ID
325048
Listing Agent: Donnie Gay 850-323-2765
Broker: ST. GEORGE ISLAND REALTY 850-927-4777 Listing Site
Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: ST. GEORGE ISLAND REALTY 850-927-4777 Listing Site
Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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