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115 2nd St Fernandina Beach, FL 32034-4670

OFF-MARKET Manufacturing properties Google Maps
18,328 SF 0.34 ac lot Built 1925
Entity Owned Free & Clear
Estimated value (blended)
$605k
Range $545k – $666k (±10%)
Property ID US18-2799962

Property summary

AI-generated overview

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 profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,328 SF
Lot 0.34 ac (15,000 SF)
Zoning code MU-1
APN 00-00-31-1800-0271-0070
UPID US18-2799962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
$605k

Owner & transaction history

since 2026
1 recorded transaction
2026
$2.1M

Zoning & alternative use

MU-1 · Fernandina Beach, FL
Zoning description

2.01.09 Mixed Use (MU-1) The MU-1 District is intended for the development of a combination of residential, office, and limited neighborhoo d commercial uses. The Mixed-Use District encourages well -planned development a…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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