For Sale
$2,300,000

516 Ash StFernandina Beach, FL 32034

Prime location, multi-use potential. High occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 516 Ash Street in the heart of Fernandina Beach's historic district, presents a unique investment opportunity. The main building, constructed in 1876 and renovated in 2004, boasts approximately 8,887 square feet across two stories. This charming structure features arched windows, brick corbeling, and a blend of retail, office, and warehouse space, including a convenient roll-up door. The second floor offers an additional 1,125 square feet of commercial rental space. A recent roof replacement ensures long-term structural integrity. A separate building at 107 S 6th St, totaling 1,044 square feet, adds to the property's versatility. This building includes a recently remodeled two-bedroom, one-bathroom apartment and a separate first-floor commercial rental unit. The property sits on a 0.22-acre lot and is zoned C-3, allowing for a wide range of commercial and residential uses. With its prime location, substantial square footage (8,887 net rentable), and 100% occupancy, this property is ideal for a variety of ventures, including restaurants, boutique hotels, gyms, or continued use as retail space. The asking price is $2,300,000, translating to $258.80 per square foot. This two-building, multi-unit property offers significant potential for a savvy investor or owner-user.

Property Details for 516 Ash St

Property type
Lifestyle centers, Power centers
Square Feet
8,887 SF
Class
C
Year Built/Renovated
1876/2004
Buildings
2
Stories
2
Lot Size (sq. ft)
9,583 SF
Units
2

Location Insight

City
Fernandina Beach
County
Nassau
State
Florida
Latitude
30.669652550753
Longitude
-81.460849659147
516 Ash St, Fernandina Beach, Florida

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516 Ash St
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