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218 Ash St 3,810 SF 75% Leased Retail Building Fernandina Beach, FL 32034 $1,813,630 CAD ($476.02 CAD/SF)
Investment Highlights
- Historic Downtown Commercial Investment
- Multi-Tenant Income Potential
- C-3 Zoning
Executive Summary
Historic Downtown Commercial Investment • C-3 Zoning • Multi-Tenant Income Potential Historic two-story commercial property
located in the downtown Fernandina Beach historic district offering strong income potential and leasing flexibility. The 3,342 sq
ft building sits on a 100×50 corner lot with C-3 zoning allowing restaurant, office, retail, and service uses. The main level
operates as an established restaurant and features a newly extended patio and courtyard seating area. The main building also
includes a newly installed roof. The second floor offers three office suites with a shared bathroom that may be leased individually
or combined for a single tenant. An additional downstairs side suite includes two rooms, a bathroom, and rear storage designed
for a single tenant space. Positioned in the heart of downtown commercial activity, this property offers multiple revenue streams
and strong upside as remaining spaces are leased, with projected returns indicating an above-average cap rate once fully
occupied.
located in the downtown Fernandina Beach historic district offering strong income potential and leasing flexibility. The 3,342 sq
ft building sits on a 100×50 corner lot with C-3 zoning allowing restaurant, office, retail, and service uses. The main level
operates as an established restaurant and features a newly extended patio and courtyard seating area. The main building also
includes a newly installed roof. The second floor offers three office suites with a shared bathroom that may be leased individually
or combined for a single tenant. An additional downstairs side suite includes two rooms, a bathroom, and rear storage designed
for a single tenant space. Positioned in the heart of downtown commercial activity, this property offers multiple revenue streams
and strong upside as remaining spaces are leased, with projected returns indicating an above-average cap rate once fully
occupied.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,810 SF
Building Class
C
Year Built
1900
Price
$1,813,630 CAD
Price Per SF
$476.02 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.80
Lot Size
0.11 AC
Zoning
C-3 - C-3 zoning allowing restaurant, office, retail, and service uses
Parking
6 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Restaurant
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Amelia San Jon Gallery Inc
- Retailer
- -
- -
- -
- Gallery C
- Retailer
- -
- -
- -
- Susan's Slightly Off Centre
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Amelia San Jon Gallery Inc | Retailer | - | - | - | ||
| Gallery C | Retailer | - | - | - | ||
| Susan's Slightly Off Centre | Retailer | - | - | - |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00-00-31-1800-0270-0270 | Improvements Assessment | $565,115 CAD |
| Land Assessment | $455,341 CAD | Total Assessment | $1,020,456 CAD |
Property Taxes
Parcel Number
00-00-31-1800-0270-0270
Land Assessment
$455,341 CAD
Improvements Assessment
$565,115 CAD
Total Assessment
$1,020,456 CAD
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218 Ash St
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