Retail Space in Historic
For Sale
Contact for pricing
516 ASH STREET UNIT B, Fernandina Beach, FL 32034
C-3 zoning and distinctive brickwork support a range of commercial uses in this downtown property.
Property Size3,491 SF
Price / SF$2.49
Days on Market105
Property Features for 516 ASH STREET UNIT B
General Information
Standard status
Active
Size
3,491 SF
Property subtype
Other
Zoning
C-3
Additional Details
Property Use
Retail/Office
Building Details
Year Built
1876
Buildings
1
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 31
Last Checked: Oct 30 at 3:24PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,491-square-foot retail space occupies a building constructed in 1876. Arched windows and brick corbeling are among its architectural features, and the property is zoned C-3. The listing also identifies 3,035 square feet of additional commercial space, for a combined area of 6,526 square feet.
The property is at 516 Ash Street, Unit B, in historic downtown Fernandina Beach. The surrounding area is described as walkable and as a downtown commercial corridor.
The property is at 516 Ash Street, Unit B, in historic downtown Fernandina Beach. The surrounding area is described as walkable and as a downtown commercial corridor.
Key Highlights
- 3,491‑square‑foot retail space
- Building dates to 1876
- C‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,456
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,120
$789.1K
Cap Rate 7%
$563,657
$563.7K
Cap Rate 9%
$438,400
$438.4K
Market Conditions
NOI Build-Up for 3,491 SF
Gross rent
$62.8K $18.00/SF
− Vacancy
−$6.5K −$1.85/SF
EGI
$56.4K $16.15/SF
− OpEx
−$16.9K −$4.84/SF
NOI
$39.5K $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%
$789,120
Cap Rate 7%
$563,657
Cap Rate 9%
$438,400
Alternative Uses
Best Use
Office B
$698.4K
$611.1K – $814.8K
NOI $48,888 @ 7.0% cap · market cap 561.93%
Second Best
Retail
$563.7K
$493.2K – $657.6K
NOI $39,456 @ 7.0% cap · market cap 453.52%
Theoretical Best
Office A
$931.2K
$814.8K – $1.09M
NOI $65,184 @ 7.0% cap · market cap 749.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - C-3 zoning and distinctive brickwork support a range of commercial uses in this downtown property.
Where is this retail space located?
The property is located at 516 ASH STREET UNIT B Fernandina Beach, FL.
What are key features of this property?
This property features: 3,491‑square‑foot retail space; Building dates to 1876; C‑3 zoning
