Property profile

1001 Atlantic Ave Fernandina Beach, FL 32034

OFF-MARKET
Community centers
Property ID
US18-9180673
3,052 SF 0.25 ac lot Built 1966
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,500 square foot commercial space is ideally situated on Atlantic Avenue in Fernandina Beach, Florida, offering high visibility and easy access. The property, zoned C-3, is a single-tenant building classified as Class B. It boasts a convenient single-story design, eliminating the need for elevators. The interior is in excellent condition and features a well-appointed reception area, perfect for welcoming clients. Five private offices provide ample space for individual work or team collaboration. A comfortable break room/kitchenette offers a convenient space for employees to relax and recharge. Three restrooms ensure sufficient facilities for tenants and visitors. This versatile space is suitable for a variety of office uses, including traditional office, executive office, and medical office settings. The property's location just outside the historic downtown area provides a blend of accessibility and a desirable address. The space is available for lease beginning August 1, 2024. This turnkey solution requires minimal upfront investment, allowing businesses to focus on operations rather than renovations. The property's prime location and functional layout make it an attractive opportunity for businesses seeking a well-maintained and conveniently located office space in Fernandina Beach, Florida, zip code 32034.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,052 SF
Lot 0.25 ac (10,700 SF)
Zoning code C-3
APN 00-00-31-1800-0052-0010
UPID US18-9180673

Cap rate & NOI

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

Location

1001 Atlantic Ave Fernandina Beach, FL 32034-3650
Fernandina Beach metro Census 50102 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
$570k
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k

Owner & transaction history

since 2021
Last sale
$565,000
7 recorded transactions
2021
$565,000
2015
$315,000
2008
$395,000
2007
$330,000
1998
$185,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Fernandina Beach, FL
Zoning description

2.01.13 Central Business District (C-3) The C-3 District is intended for the development of land uses within the central business district as the City’s center for residential, financial, commercial, governmental, profes…

General category MIXED_USE
Top alternative use upside
Commercial (general) $590,000 +115.6%
Office building $560,000 +105.7%
Retail stores $430,000 +57.1%

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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