Historic Mixed-Use
For Sale
$2,300,000
516 Ash St, Fernandina Beach, FL 32034
C-3 zoning supports both residential and commercial uses.
Property Size8,887 SF
Price / SF$258.80
Days on Market166
Property Features for 516 Ash St
General Information
Standard status
Active
Size
8,887 SF
Property subtype
Commercial
Building Details
Year Built
1876
Listing Agency:
AMELIA COASTAL REALTY LLC
Listed By:
Philip Griffin · License #3038601
(904) 261-2770
Source:
Exitonestop
Added: May 3
Changed: Oct 1
Last Checked: Oct 14 at 11:24PM
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 LLC
Investment Insights
Based on property information with market context.
Built in 1876, this two-story masonry property combines retail, office, warehouse, and residential components in Fernandina Beach’s Historic District. The main building includes approximately 6,700 SF, arched windows, brick corbeling, and a roll-up door. Its second floor contains a 1,125 SF rental with a kitchenette and two baths. The main roof was replaced within the last 9 years, and the second-story apartment has a new roof.
A separate rear building at 107 S 6th St adds 1,044 SF, including a remodeled 2 bed / 1 bath apartment and a first-floor commercial rental. Positioned at the corner of 6th and Ash St, the property carries C-3 zoning, which allows residential and commercial uses.
A separate rear building at 107 S 6th St adds 1,044 SF, including a remodeled 2 bed / 1 bath apartment and a first-floor commercial rental. Positioned at the corner of 6th and Ash St, the property carries C-3 zoning, which allows residential and commercial uses.
Key Highlights
- Historic two‑story masonry building constructed in 1876
- Approximately 6,700 SF main building with retail, office, warehouse space, and a roll‑up door
- 1,125 SF second‑story rental with kitchenette and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,309
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,266,180
$2.3M
Cap Rate 7%
$1,618,700
$1.6M
Cap Rate 9%
$1,258,989
$1.3M
Market Conditions
NOI Build-Up for 8,887 SF
Gross rent
$213.3K $24.00/SF
− Vacancy
−$32.0K −$3.60/SF
EGI
$181.3K $20.40/SF
− OpEx
−$68.0K −$7.65/SF
NOI
$113.3K $12.75/SF
Area
Nassau County, FL
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,266,180
Cap Rate 7%
$1,618,700
Cap Rate 9%
$1,258,989
Alternative Uses
Best Use
Mixed Use
$1.62M
$1.42M – $1.89M
NOI $113,309 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$1.43M
$1.26M – $1.67M
NOI $100,443 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,938 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3 zoning supports both residential and commercial uses.
Where is this mixed-use property located?
The property is located at 516 Ash St Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Historic two‑story masonry building constructed in 1876; Approximately 6,700 SF main building with retail, office, warehouse space, and a roll‑up door; 1,125 SF second‑story rental with kitchenette and 2 baths
