1953 S Fletcher Ave Fernandina Beach, FL 32034
For Sale
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2.01.06 High Density Residential (R-3) The R-3 District is intended for the development of high -density residential uses allowing both single- and multi-family dwellings. Bed and breakfast inns and resort rental dwellings may be allowed, subject to additional design standards. Limited neighborhood commercial uses may be allowed through the PUD process. FERN…
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
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Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Fernandina Beach, FL2.01.06 High Density Residential (R-3) The R-3 District is intended for the development of high -density residential uses allowing both single- and multi-family dwellings. Bed and breakfast inns and resort rental dwellings may be allowed, subject to additional design standards. Limited neighborhood commercial uses may be allowed through the PUD process. FERNANDINA BEACH LAND DEVELOPMENT CODE ZONING DISTRICTS AND LAND USES CHAPTER 2 Ordinance 2006-14 (as amended) 2-4 Adopted September 5, 2006 Revised 05-05-2026 2.01.07 Old Town Historic District One (OT-1) The OT -1 District is intended to protect the unique historic features and uses in the single - family residential area of the Old Town Historic District. The OT -1 District is intended for the development and maintenance of single -family residential dwellings, along with their customary accessory uses on the same lot. 2.01.08 Old Town Historic District Two (OT-2) The OT-2 District is intended to protect the unique historic features and uses in the mixed -use area of the Old Town Historic District. The OT -2 District is intended for the development and maintenance of single -family residential dwellings, along with their customary accessory uses on the same lot. Limited neighborhood commercial may be permissible. 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 and redevelopment of areas that feature compatible, interrelated uses including single-family and multi -family residential units; medical, business, and professional offices; personal service establishments with limited inventory of goods; and limited neighborhood commercial uses. 2.01.10 8th Street Small Area Mixed Use (MU-8) The MU-8 district is intended for redevelopment of the City’s 8th Street commercial corridor to allow for a combination of residential, office, housing, and general commercial activities in a vibrant urban setting. The MU -8 district is intended to promote the 8th Street corridor as a thriving gateway to the historic downtown of Fernandina Beach through economical and efficient land use, an improved level of amenities, residential density through a variety of housing types, and a better compact, urban environment. Properties within the MU -8 district shall provide for a unified pedestrian and landscape area along the 8th Street frontage to serve as an extension of the downtown Fernandi na Beach character and design.
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.