Retail Space in Historic
For Sale
Contact for pricing
516 ASH STREET UNIT A, Fernandina Beach, FL 32034
C-3 zoning supports retail and office use in this character-rich commercial space.
Property Size3,035 SF
Price / SF$2.50
Days on Market105
Property Features for 516 ASH STREET UNIT A
General Information
Standard status
Active
Size
3,035 SF
Property subtype
Other
Zoning
C-3
Additional Details
Property Use
Retail/Office
Building Details
Year Built
1876
Construction
brick
Listing Agency:
AMELIA COASTAL REALTY LLC
(904) 261-2770
Listed By:
Sal Grimaldi
(904) 576-1826
Source:
Atlanticsaltrealty
Added: Jul 20
Changed: Oct 30
Last Checked: Oct 30 at 3:36PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,035-square-foot retail space occupies a building dating to 1876. Arched windows and exposed brickwork distinguish the interior and contribute to the property’s historic character. The space was previously associated with Askins Supermarket.
C-3 zoning accommodates a range of uses, including retail and office. An additional 3,491 square feet is also available, bringing the combined area to 6,526 square feet.
C-3 zoning accommodates a range of uses, including retail and office. An additional 3,491 square feet is also available, bringing the combined area to 6,526 square feet.
Key Highlights
- 3,035‑square‑foot retail space
- Building dates to 1876 and features arched windows and brickwork
- C‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,302
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,040
$686.0K
Cap Rate 7%
$490,029
$490.0K
Cap Rate 9%
$381,133
$381.1K
Market Conditions
NOI Build-Up for 3,035 SF
Gross rent
$54.6K $18.00/SF
− Vacancy
−$5.6K −$1.85/SF
EGI
$49.0K $16.15/SF
− OpEx
−$14.7K −$4.84/SF
NOI
$34.3K $11.30/SF
Area
Nassau County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,040
Cap Rate 7%
$490,029
Cap Rate 9%
$381,133
Alternative Uses
Best Use
Retail
$490.0K
$428.8K – $571.7K
NOI $34,302 @ 7.0% cap · market cap 451.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$809.6K
$708.4K – $944.5K
NOI $56,670 @ 7.0% cap · market cap 745.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Hampton Inn
Hotels & Casinos
17,708 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - C-3 zoning supports retail and office use in this character-rich commercial space.
Where is this retail space located?
The property is located at 516 ASH STREET UNIT A Fernandina Beach, FL.
What are key features of this property?
This property features: 3,035‑square‑foot retail space; Building dates to 1876 and features arched windows and brickwork; C‑3 zoning
