218 Ash Street, Fernandina Beach, FL 32034
- $1,275,000
- 3,342
- SqFt
- List Price
- $1,275,000
- Status
- ACTIVE
- Days on Market
- 193
- Price Change
- ▼ $25,000 1787120436
- MLS#
- 115299
- Subtype
- Commercial Sale
- Style
- Other, One Story, Two Story, See Remarks
- Year Built
- 1900
- Living Area
- 3,342
- Acres
- 0.11
Property 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.
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Additional Information
- Exterior Features
- Handicap Accessible
- Property Description
- Other, One Story, Two Story, See Remarks
- Zoning
- C-3
- Flooring
- Vinyl, Wood
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Stories
- 1
- Levels
- One, Two
- Roof
- Metal, Shingle
- Parking Features
- Other, Paved, Private, See Remarks
Listing courtesy of SUMMER HOUSE REALTY.