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    115 2Nd St Fernandina Beach, FL 32034

    Sponsored
    For Lease
    $4 SF/Yr ($6,029 /Mo)

    Historic building, 18,088 SF, high visibility.

    Lot size:
    18,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 115 South 2nd Street in the heart of historic Fernandina Beach, Florida, presents a unique investment opportunity. The building, constructed in 1925 and renovated in 1994, boasts a total of 18,088 square feet of vacant space, offering significant potential for a variety of retail or office uses. The property is zoned MU-1, allowing for flexibility in development plans. Situated on a 0.39-acre lot, the building provides ample space for both interior operations and potential exterior improvements. Parking is available at a rate of 1.81 spaces per 1,000 square feet. The property's prime location in downtown Fernandina Beach ensures high visibility and accessibility, making it an ideal location for businesses seeking a strong presence in this vibrant community. The Nassau County property, with APN 00-00-31-1800-0271-0070, offers a blend of historic charm and modern functionality, making it a truly remarkable opportunity. The single-tenant occupancy allows for a streamlined management approach. The property's zip code is 32034. This is a rare chance to acquire a substantial commercial space in a desirable location with significant upside potential.

    Property Features for 115 2Nd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,088 SF
    Total Rate
    6029.33

    Building Details

    Year Built/Renovated
    1925/1994

    Unit(s) available at that property

    Space
    Available Space
    Size
    18,088 SF
    Rate per SF
    $4

    HighLights

    • Historic Downtown Fernandina Beach location.
    • Adjacent to a new townhome development.
    • Across from City Hall.
    • Ideal for warehousing and maritime businesses.
    • Excellent redevelopment/adaptive reuse opportunity in a revitalizing area.
    • Potential water views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.464175419383
    Latitude
    30.669347336804

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, 18,088 SF, high visibility.
    Where is this office property / space located?
    The property is located at 115 2Nd St Fernandina Beach, FL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Historic Downtown Fernandina Beach location.; Adjacent to a new townhome development.; Across from City Hall.
    Request Owner's contact information
    115 2Nd 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
    115 2Nd St Fernandina Beach, FL 32034
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