8th St Fernandina Beach, FL 32034
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 his…
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
MU-8 · Fernandina Beach, FL2.01.10 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. The allowable density in the MU-8 zoning district is a maximum of 18.0 dwelling units per acre. 2.01.11 Community Commercial (C-1) The C -1 District is intended for the development of land uses to accommodate commercial businesses and offices providing goods and services to more than a few neighborhoods, and land uses that are complimentary to low - and med ium-density residential areas. The Community Commercial District recognizes the desire for convenience goods and services in close proximity to residential neighborhoods, provided that such uses are limited in intensity as set forth in the design standards in this LDC. 2.01.12 General Commercial (C-2) The C -2 District is intended for the development of land uses to accommodate offices; commercial retail; personal services establishments; restaurants; transient accommodations; uses that provide sales and services for several neighborhoods; repair shops; retail sales and services; and other similar commercial uses. The General Commercial District recognizes existing development with locations that have access to arterial roads. FERNANDINA BEACH LAND DEVELOPMENT CODE ZONING DISTRICTS AND LAND USES CHAPTER 2 Ordinance 2006-14 (as amended) 2-5 Adopted September 5, 2006 Revised 05-05-2026 2.01.13 Central Business District (C-3) The C-3 District is intended for the development of land uses within the central business district as the City’s center for residential, financial, commercial, governmental, professional, and cultural activities. The Central Business District category is designed to accommodate as permissible uses single -family or duplex dwelling units and uses permissible subject to supplemental standards triplex and multi -family dwelling units. These uses may be either freestanding or in mixed use structures; offices; commercial retail;
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.