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Property profile & analytics
OFF-MARKET
Investment properties

5381 Fletcher Ave Fernandina Beach, FL 32034-5326

3,218 SF 0.85 ac lot Built 1981
Individually Owned 23-yr Hold Absentee Owner Free & Clear
Property ID
US18-4757484
Property summary
AI-generated overview

This exceptional 3,058 square foot commercial property in Fernandina Beach, Florida, presents a unique investment opportunity. Situated on a desirable 1.09-acre lot in Nassau County, this two-story building offers versatile space ideal for a variety of businesses. The property's zoning (CN) allows for retail, office, and restaurant uses. The building features a ground floor unit with an open layout, a roll-up exterior door, a walk-in refrigerator, and an outdoor patio, perfect for businesses needing high visibility and convenient access. This unit overlooks the high-traffic South Fletcher Avenue. Upstairs, a 921 square foot open-plan space with a restroom provides additional flexibility. The property boasts ample parking and outdoor storage space, a significant advantage for many businesses. Its location is highly convenient, across from Harris Teeter and near the Ritz Carlton, ensuring high foot traffic and visibility. Available space ranges from 921 to 2,137 square feet, making it suitable for a variety of tenants. This property is currently fully occupied, presenting a strong investment opportunity. The building has no elevators.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1981
Construction WOOD
Total area 3,218 SF
Lot 0.85 ac (36,816 SF)
Zoning code CN
APN 12-2N-28-0000-0006-0020
UPID US18-4757484
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dbco L C Gecko · 23 yrs held
Dbco L C Gecko
since 2002
4 recorded transactions
2002
$400,000
1999
$347,500
1998
$295,000
1969
Price N/A
Zoning & alternative use
CN · Fernandina Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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