Historic 2-Story Office
501 N 3rd St Fernandina Beach, FL 32034
501 N 3rd St, Fernandina Beach, FL, 32034
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For Sale
Contact for pricing
Historic 1888 office building with multiple porches, a cupola, and waterfront/port views, plus an adjacent lot.
Property Size3,010 SF
Lot Size0.58 Acres
Price / SF$323.92
Days on Market147
Property Features for 501 N 3rd St
General Information
- Standard status
- Active
- Size
- 3,010 SF
- Lot size
- 0.58 Acres
- Property subtype
- Industrial, Mixed Use, Office, Retail
Listing agency
Amelia Coastal Realty
(904) 556-9140
Listed by
Salvatore Grimaldi · License #SL3588472
Source
Crexi
Added: Feb 26 Updated: Jul 22 at 11:12PM Checked: Jul 22 at 11:12PM
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 Amelia Coastal Realty
Investment Insights
Based on property information with market context.
Built in 1888, the J.H.P. Merrow House (also known as the Port House) is a distinctive two-story property with multiple porches and a cupola offering views. The building is listed on the Historic Registry and is offered as 3,010 SF of office space.
Situated at the corner of North 3rd Street and Escambia Street, the property provides expansive waterfront and port views. It is described as being close to Downtown Fernandina Beach and within walking distance of the Historic District and restaurants.
The property is zoned industrial warehouse, supporting current office use and additional commercial uses such as a fine-dining restaurant, wedding venue, coffee shop, winery, or bed and breakfast. An adjacent lot is included for parking or development.
Situated at the corner of North 3rd Street and Escambia Street, the property provides expansive waterfront and port views. It is described as being close to Downtown Fernandina Beach and within walking distance of the Historic District and restaurants.
The property is zoned industrial warehouse, supporting current office use and additional commercial uses such as a fine-dining restaurant, wedding venue, coffee shop, winery, or bed and breakfast. An adjacent lot is included for parking or development.
Key Highlights
- Historic J.H.P. Merrow House (Port House) built in 1888, on the Historic Registry
- 2‑story building with 3,010 SF and multiple porches, plus a cupola for elevated views
- Expansive waterfront/port views from the property
Local 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 | $72.2k | $24.00 |
| − Vacancy | −$16.0k | −$5.33 |
| EGI | $56.2k | $18.67 |
| − OpEx | −$14.1k | −$4.67 |
| NOI | $42.2k | $14.00 |
3,010 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$602.2K
$526.9K – $702.5K
NOI $42,152 @ 7.0% cap · market cap 4.32%
Second Best
Hotel Hospitality
$161.8K
$141.6K – $188.7K
NOI $11,324 @ 7.0% cap · market cap 1.16%
Theoretical Best
Office A
$802.9K
$702.5K – $936.7K
NOI $56,203 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Historic 1888 office building with multiple porches, a cupola, and waterfront/port views, plus an adjacent lot.
Where is this office building located?
The property is located at 501 N 3rd St Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Historic J.H.P. Merrow House (Port House) built in 1888, on the Historic Registry; 2‑story building with 3,010 SF and multiple porches, plus a cupola for elevated views; Expansive waterfront/port views from the property
