600 8th St Fernandina Beach, FL 32034-3319
2.01.17 Heavy Industrial (I-2) The I -2 District is intended for the development of warehousing, fabrication, storage, and commercial services which are likely to produce adverse physical and environmental impacts such as noise, land, air, and water pollution and transportation conflicts. The Heavy industrial District recognizes existing heavy manufacturing…
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
I-2 · Fernandina Beach, FL2.01.17 Heavy Industrial (I-2) The I -2 District is intended for the development of warehousing, fabrication, storage, and commercial services which are likely to produce adverse physical and environmental impacts such as noise, land, air, and water pollution and transportation conflicts. The Heavy industrial District recognizes existing heavy manufacturing development with locations that have access to major highways. Residential development, with exception of a caretaker’s unit, is not permissible within the zoning district. The designation of land for the I -2 District shall be based on compatibility with surrounding land uses, considering environmental sensitivity, intensity of use, hours of operation, heat, glare, fumes, noise, and visual impacts. 2.01.18 Waterfront Mixed Use (W-1) The W-1 District is intended for the development and/or re -development of waterfront land fronting the Ame lia River within the CRA only. The Waterfront Mixed Use District recognizes the desire to maintain existing water relat ed uses while providing a wider range of uses to encourage developments which enhance the public's use of and access to the waterfront. 2.01.19 Public and Institutional (PI-1) The PI-1 District is intended for the development and maintenance of publicly owned lands and structures, parks and recreation areas, public schools, and buildings used princi pally for government functions. Federal, State, regional, and local government land uses are permissible. 2.01.20 Conservation (CON) The CON District is intended to provide for the long -term protection and preservation of environmentally sensitive natural resource systems. Development within the Conservation District is limited to buildings that are supportive of and accessory to the conservation land uses, such as interpretative centers, rest rooms, or covered picnic pavilions. Other uses may include docks, boardwalks, hiking trails, and picnic areas. These uses shall be limited in location and extent and shall avoid adverse impacts on the hydrologic functions of wetlands, natural systems, habitats, water quality, shorelines, marine life, and coastal resources. 2.01.21 Recreation (REC) The REC District is intended to provide a location for land devoted to public or private parks and recreation facilities. The types of parks and facilities include passive parks and open spaces, activity-based parks and recreation areas, and publicly owned recreation facilities.
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.