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Property profile & analytics
OFF-MARKET
Commercial land

1120 8th St Fernandina Beach, FL 32034-3711

0.21 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-5946734
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.21 ac (9,300 SF)
Zoning code MU-8
APN 00-00-31-1800-0180-0031
UPID US18-5946734
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rowlands INC · 6 yrs held
Rowlands INC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
MU-8 · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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