Property profile

528 8th St Fernandina Beach, FL 32034

OFF-MARKET
Community centers
Property ID
US18-4534389
3,914 SF 0.46 ac lot Built 1985
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 882-square-foot commercial space is ideally situated at 528 S 8th St, Unit 4, Fernandina Beach, Florida, 32034. Located on South 8th Street, this single-tenant property offers a prime location with high visibility and foot traffic. The space is categorized as retail and office, adaptable to various uses including traditional office, executive office, coworking, medical office, and creative office settings. Its open floor plan provides flexibility for diverse business needs. The zoning designation is MU-8, within Nassau County. This turnkey space is perfect for businesses seeking to establish or expand their presence in the vibrant Fernandina Beach community. The property's versatility makes it suitable for a range of professional services, legal practices, or small-scale retail operations. Its convenient location and adaptable layout offer a compelling opportunity for businesses looking for a well-positioned and functional workspace. Interested parties are encouraged to inquire for further details and to explore the potential of this exceptional commercial property. The property is easily accessible and benefits from its high-traffic location.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1985
Construction WOOD
Total area 3,914 SF
Lot 0.46 ac (20,000 SF)
Zoning code MU-8
APN 00-00-31-1800-0142-0030
UPID US18-4534389

Cap rate & NOI

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

Location

528 8th St Fernandina Beach, FL 32034-3635
Fernandina Beach metro Census 50103 JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
$730k
Comparable Approach Comparable
$532k
Blend (final) Blend
$530k

Owner & transaction history

since 2018
6 recorded transactions
2018
$450,000
2012
$201,000
2011
$898,300
2000
$270,000
2000
$23,500
1969
Price N/A

Zoning & alternative use

MU-8 · Fernandina Beach, FL
Zoning description

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 commerci…

General category MIXED_USE
Top alternative use upside
Commercial (general) $755,000 +115.6%
Office building $720,000 +105.7%
Retail stores $550,000 +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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