0 3Rd St, Fernandina Beach, FL 32034
This exceptional 0.92-acre parcel presents a remarkable investment opportunity in the heart of Fernandina Beach, Florida. Located on S 3rd Street, this property boasts a strategic position on the edge of the historic downtown area, offering unparalleled access to local amenities and attractions. The land is designated by APN 00-00-31-1800-0281-0060 and is zoned for mixed-use development, specifically MU-1. This zoning allows for a diverse range of development options, catering to both commercial and residential needs. The property's size allows for the creation of multiple units, potentially including commercial spaces on one portion and residential units on another. The potential for mixed-use development offers significant flexibility and the opportunity to capitalize on the growing demand for both commercial and residential properties in this vibrant Florida city. With its prime location and versatile zoning, this property is ideal for developers seeking a high-return investment in a thriving coastal community. The property's address is S 3rd St, Fernandina Beach, FL 32034, situated in Nassau County. The asking price for this exceptional land is $1,300,000. This presents a unique chance to acquire a substantial piece of land with significant development potential in a desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.