1120 8th St Fernandina Beach, FL 32034-3711
This exceptional commercial property, located at 1120 S. 8th Street in Fernandina Beach, Florida (zip code 32034), presents a unique investment opportunity. The 8,466 square foot building sits on a 0.66-acre lot and is zoned MU-8, allowing for a variety of mixed-use possibilities. The structure, originally built in 1976, has undergone renovations and additions over the years, resulting in a blend of modern and established features. The building comprises 4,146 square feet of heated space and 4,320 square feet of unheated area. Its prime location at the entrance to Historic Downtown Fernandina Beach offers excellent visibility and accessibility. The property boasts two points of ingress/egress, providing convenient access from both 8th Street and Lime Street. All three parcels making up the 0.66-acre lot are zoned MU-8, part of the 8th Street Mixed Use Overlay, expanding potential uses. Currently housing an upholstery business, the seller intends to relocate upon sale and is open to a potential sale/leaseback arrangement while establishing their new location. The asking price for this remarkable property is $1,300,000. This presents a compelling opportunity for investors seeking a well-situated commercial property with significant potential in a thriving Florida community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MU-8 · Fernandina Beach, FLFernandina Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.