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    115 2Nd St Fernandina Beach, FL 32034

    Sponsored
    For Sale
    $2,200,000

    Historic building, high redevelopment potential.

    Property size:
    18,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,088-square-foot retail property, located at 115 South 2nd Street in Fernandina Beach, Florida, presents a unique investment opportunity. Built in 1925 and renovated in 1994, the property sits on a 0.39-acre lot and boasts a convenient 1.81 parking spaces per 1,000 square feet. Currently zoned MU-1, this versatile space offers significant potential for adaptive reuse or redevelopment. Its prime location in the historic downtown district, directly across from a new residential townhome development (formerly a lumber yard), and a short distance from City Hall, ensures high visibility and accessibility. The property features a loading dock and drive-in dock, making it ideal for various uses, including warehousing and maritime-related businesses. The asking price is $2,200,000, translating to $121.63 per square foot. With its proximity to the main historic shopping district and potential for water views, this property offers a compelling investment opportunity in a thriving area experiencing significant economic revitalization. The property's APN is 00-00-31-1800-0271-0070. This is a rare chance to acquire a substantial property in a rapidly developing area of Fernandina Beach.

    Property Features for 115 2Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    18,088 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built/Renovated
    1925/1994

    HighLights

    • Historic Downtown Fernandina Beach location.
    • Across from a new residential townhome development (former lumber yard).
    • Adjacent to City Hall.
    • Ideal for warehousing and maritime uses; features loading and drive‑in docks.
    • Excellent redevelopment or adaptive reuse opportunity in a revitalizing area.
    • Potential water views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    -81.46417542
    Latitude
    30.66934734

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, high redevelopment potential.
    Where is this individual retail property located?
    The property is located at 115 2Nd St Fernandina Beach, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Historic Downtown Fernandina Beach location.; Across from a new residential townhome development (former lumber yard).; Adjacent to 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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