5381 Fletcher Ave Fernandina Beach, FL 32034-5326
- Investment properties
- 3,218 SF
- 0.85 lot acres
Current Use by Public Records
- Investment properties
Property Details for 5381 Fletcher Ave
- Year built
- 1981
- Construction
- WOOD
- Lot size
- 0.85 lot acres
- Property size
- 3,218 SF
- Zone code
- CN
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 12-2N-28-0000-0006-0020
- APU
- 122N28000000060020
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $445,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $345,000
- Mixed-Use
- $370,000
- Hospitality
- $410,000
- Educational
- $430,000
- Residential Income
- $395,000
- Energy
- $435,000
- Income-Based Land
- $380,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Fernandina Beach
- County
- Nassau
- State
- Florida
- Longitude
- -81.4562
- Latitude
- 30.5942
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA