Two-Story Downtown Mixed-Use
218 ASH Street Fernandina Beach, FL 32034
For Sale
$1,400,000
Historic two-story building on a corner lot with an established restaurant and multiple office suites.
Property Size3,342 SF
Lot Size0.11 Acres
Price / SF$418.91
Days on Market159
Property Features for 218 ASH Street
General Information
- Standard status
- Active
- Size
- 3,342 SF
- Lot size
- 0.11 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing Agency:
SUMMER HOUSE REALTY
(904) 557-3020
Listed By:
Robby Mullins
Source:
Xome
Added: Feb 14
Changed: Jul 23
Last Checked: Jul 23 at 3:29AM
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 SUMMER HOUSE REALTY
Investment Insights
Based on property information with market context.
Historic two-story commercial property on a 100’ x 50’ corner lot, offered with multi-tenant income potential. The main level operates as an established restaurant and includes a newly extended patio and courtyard seating area, along with a newly installed roof.
The second floor provides three office suites served by a shared bathroom, with flexibility to lease suites individually or combined for a single tenant. An additional downstairs side suite includes two rooms, a bathroom, and rear storage configured as a single tenant space.
C-3 zoning supports restaurant, office, retail, and service uses. Located in the downtown Fernandina Beach historic district, the property is positioned within the heart of downtown commercial activity.
The second floor provides three office suites served by a shared bathroom, with flexibility to lease suites individually or combined for a single tenant. An additional downstairs side suite includes two rooms, a bathroom, and rear storage configured as a single tenant space.
C-3 zoning supports restaurant, office, retail, and service uses. Located in the downtown Fernandina Beach historic district, the property is positioned within the heart of downtown commercial activity.
Key Highlights
- 3,342 sq ft historic two‑story commercial building on a 100x50 corner lot in the downtown Fernandina Beach historic district
- Main level operating as an established restaurant, with a newly extended patio and courtyard seating area
- C‑3 zoning allows restaurant, office, retail, and service uses
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.2k | $24.00 |
| − Vacancy | −$17.8k | −$5.33 |
| EGI | $62.4k | $18.67 |
| − OpEx | −$15.6k | −$4.67 |
| NOI | $46.8k | $14.00 |
3,342 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$668.6K
$585.0K – $780.0K
NOI $46,801 @ 7.0% cap · market cap 3.34%
Second Best
Specialty Retail
$578.1K
$505.9K – $674.5K
NOI $40,470 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$891.5K
$780.0K – $1.04M
NOI $62,402 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar Off Market Nearby
- Española y tapas — Fernandina Beach, FL 32034
FAQs
What type of property is this?
Conventional restaurant - Historic two-story building on a corner lot with an established restaurant and multiple office suites.
Where is this conventional restaurant located?
The property is located at 218 ASH Street Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,342 sq ft historic two‑story commercial building on a 100x50 corner lot in the downtown Fernandina Beach historic district; Main level operating as an established restaurant, with a newly extended patio and courtyard seating area; C‑3 zoning allows restaurant, office, retail, and service uses
