218 ASH Street, Fernandina Beach, FL 32034
Nassau County
Key Facts
Description
Historic Downtown Commercial Investment • C-3 Zoning • Multi-Tenant Income Potential Historic two-story commercial property located in the downtown Fernandina Beach historic district offering strong income potential and leasing flexibility. The 3,342 sq ft building sits on a 100×50 corner lot with C-3 zoning allowing restaurant, office, retail, and service uses. The main level operates as an established restaurant and features a newly extended patio and courtyard seating area. The main building also includes a newly installed roof. The second floor offers three office suites with a shared bathroom that may be leased individually or combined for a single tenant. An additional downstairs side suite includes two rooms, a bathroom, and rear storage designed for a single tenant space. Positioned in the heart of downtown commercial activity, this property offers multiple revenue streams and strong upside as remaining spaces are leased, with projected returns indicating an above-average cap rate once fully occupied.
Property Information
Property Type
Commercial Sale
Style
Other / OneStory / TwoStory / SeeRemarks
Year Built
1900
Stories
1
Living Area
3,342 sq ft
Lot Size
0.11 acres
Lot Dimensions
100x50
Parking Spaces
2
Zoning
C-3
Days on Market
127
MLS® Listing#
115299
Property Features
Cooling
Heating
Flooring
Parking
Construction
Roof
Windows
Sewer
Water Source
Financial Details
Parcel Number
00-00-31-1800-0270-0270
Directions
Ash Street. SW corner of Ash and 3rd
Affordability Calculator
$270,000
Estimated monthly payment
$7,185/mo
Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fernandina Beach, FL
- $502,931
- Median Listing Price
- 127
- Median Days on Market
- 1,362
- Median Sq Ft
- $406
- Median Price / Sq Ft
- 27,414
- Active Listings
- This home’s price is 168% above the area median.
- Its price per sq ft is 1% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fernandina Beach, FL.
Location
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Points of Interest in Fernandina Beach, FL
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| 4083 Beachside One Drive # 4083, Miramar Beach, FL | $945,000 | 2 | 2 | 1,177 |
| 297 Ventana Boulevard, Santa Rosa Beach, FL | $945,000 | 3 | 3 | 2,214 |
| 8501 Gulf Blvd 13A, Navarre Beach, FL | $945,000 | 3 | 3 | 1,770 |
Moving Cost Estimate
EXIT Agents in Fernandina Beach
Listing Courtesy: SUMMER HOUSE REALTY - 9045573020
Presented by: Robby Mullins