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    1120 8Th St Fernandina Beach, FL 32034

    For Sale
    $1,300,000

    Prime Retail Building, 8,466 SF

    Property size:
    8,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 1120 S. 8th Street in Fernandina Beach, Florida (zip code 32034), presents a unique investment opportunity. The 8,466 square foot building sits on a 0.66-acre lot and is zoned MU-8, allowing for a variety of mixed-use possibilities. The structure, originally built in 1976, has undergone renovations and additions over the years, resulting in a blend of modern and established features. The building comprises 4,146 square feet of heated space and 4,320 square feet of unheated area. Its prime location at the entrance to Historic Downtown Fernandina Beach offers excellent visibility and accessibility. The property boasts two points of ingress/egress, providing convenient access from both 8th Street and Lime Street. All three parcels making up the 0.66-acre lot are zoned MU-8, part of the 8th Street Mixed Use Overlay, expanding potential uses. Currently housing an upholstery business, the seller intends to relocate upon sale and is open to a potential sale/leaseback arrangement while establishing their new location. The asking price for this remarkable property is $1,300,000. This presents a compelling opportunity for investors seeking a well-situated commercial property with significant potential in a thriving Florida community.

    Property Features for 1120 8Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,466 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1976

    HighLights

    • Prime retail space for sale at the entrance to historic downtown Fernandina Beach.
    • 8,466± SF retail building on 0.66± acres at 8th St, Fernandina Beach.
    • 4,146± SF heated and 4,320± SF unheated space; built 1976, remodeled.
    • Dual access from 8th and Lime Streets.
    • 0.66± acres zoned MU‑8, part of 8th Street Mixed Use Overlay.
    • Seller relocating existing upholstery business upon sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.4607273
    Latitude
    30.6563972

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Retail Building, 8,466 SF
    Where is this mixed-use property located?
    The property is located at 1120 8Th St Fernandina Beach, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime retail space for sale at the entrance to historic downtown Fernandina Beach.; 8,466± SF retail building on 0.66± acres at 8th St, Fernandina Beach.; 4,146± SF heated and 4,320± SF unheated space; built 1976, remodeled.
    Request Owner's contact information
    1120 8Th St Fernandina Beach, FL 32034
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    Fernandina Beach, FL 32034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1120 8Th St Fernandina Beach, FL 32034
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