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Oceanfront Apartment Building
For Sale
$3,400,000

1990 FLETCHER Avenue, Fernandina Beach, FL 32034

Multi-unit oceanfront property with direct beach access via private beach walkover and private parking lot.

Property SizeContact for details
Days on Market173

Property Features for 1990 FLETCHER Avenue

General Information

Standard status Active
Property subtype General Commercial
Zoning C-1

Additional Details

Furnished Yes
Multifamily Units 6

Amenities

washer/dryer
private parking lot
beach access
ocean views
patios
Central Air, Electric
3
C-1
Private.
200x85
Paved Road.

Building Details

Year Built 1946
Year Renovated 2020
Stories 2
Listing Agency: WATSON REALTY CORP.
Listed By: Frances Farnsworth
Source: Xome
Added: Feb 15 Changed: Aug 7 Last Checked: Aug 7 at 12:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WATSON REALTY CORP.

Investment Insights

Based on property information with market context.

This oceanfront apartment building offers six rental units with direct beach access via a private beach walkover. The property features individually metered units and a private parking lot, with unit layouts including a mix of one- and two-bedroom configurations.

Recent improvements noted by the current owner include a new roof (2020), new hot water heaters, windows, exterior doors, and stucco, along with interior upgrades. Each unit is sold with furnishings, and washer and dryer are provided in each unit except Unit 3. The building also includes open and covered patio options across the units, including ocean-view units.

The property is described as zoned C-1 commercial and has approximately 85 feet of frontage. It is near restaurants and shopping and minutes from downtown Fernandina Beach.

Key Highlights

  • Oceanfront investment property with direct beach access via private beach walkover and private parking lot
  • Zoned C‑1 commercial and includes 6 oceanfront rental units
  • Frontage: 85 ft; lot dimensions 200 x 85; paved road access

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store Law Firm Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 32034, FL

38,167
Population
21,768
Households
1.8
Avg Household Size
56
Median Age
54%
College-Educated
97%
High-School Grad
65.0 sq mi
ZIP Area
587
Density / Sq Mi
$97,756
Median Household Income
$48,467
Median Earnings
$1,399
Median Rent
$484,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Multi-unit oceanfront property with direct beach access via private beach walkover and private parking lot.
Where is this short term rental property located?
The property is located at 1990 FLETCHER Avenue Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Oceanfront investment property with direct beach access via private beach walkover and private parking lot; Zoned C‑1 commercial and includes 6 oceanfront rental units; Frontage: 85 ft; lot dimensions 200 x 85; paved road access
More about this property
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