1750 14Th StFernandina Beach, FL 32034

Property Details for 1750 14Th St

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.27 AC

Property size (Sq ft)

21,310 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Banks

APN

00-00-31-127A-0003-0000

APU

000031127A00030000

Description

This exceptional Class B office building, situated on a 2.5-acre lot in Fernandina Beach, Florida, presents a compelling investment opportunity. The 19,972-square-foot building, constructed in 2002, features a two-story design and boasts 67 parking spaces. Additional parking expansion is possible following the current tenant's leaseback period. The property is zoned CO and offers a unique leaseback arrangement. Synovus Bank, the current occupant, will lease back 4,100 square feet for a five-year term post-sale, providing immediate and consistent rental income. The asking price is $2,950,000, translating to $147.71 per square foot. This property is ideally suited for investors seeking a strong return on investment with built-in tenancy and future development potential. The drive-through currently used by Synovus will remain in place during the leaseback period. Located at 1750 S 14th St, Fernandina Beach, FL 32034, this property offers excellent visibility and accessibility within Nassau County. The substantial lot size provides ample room for future expansion or redevelopment. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable Florida location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,012,112

  6.5%

  $4,626,565

  7%

  $4,296,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,652,218

  Geo Method

  $3,652,218

• Alternative Use

  Use

  Valuation

  Residential

  $3,902,680

  Hospitality

  $3,574,834

  Educational

  $2,974,220

  Medical

  $3,076,508

  Retail

  $4,626,565

Location Insight

City

Fernandina Beach

County

Nassau

State

Florida

Latitude

30.6469

Longitude

-81.4543

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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