1940 8Th StFernandina Beach, FL 32034
- Retail properties
- 3,849 SF
Property Details for 1940 8Th St
- Year built
- 2010
- Construction
- WOOD
- Lot size
- 0.94 AC
- Property size (Sq ft)
- 3,849 SF
- Zone code
- CI
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 00-00-30-0800-0037-0060
- APU
- 30080000370060
Description
This 3,849 square foot fast-food restaurant in Nassau County is a turnkey operation, fully equipped with furniture, fixtures, and equipment (FF&E), ready for immediate occupancy. Located on South 8th Street, this high-visibility site boasts exceptional daily traffic of 20,700 vehicles and benefits from a strong demographic profile, with a 3-mile radius household income averaging $116,699. The property's strategic location places it alongside established national brands such as McDonald's, Taco Bell, Dunkin'/Baskin Robbins, and Tropical Smoothie, ensuring high visibility and customer traffic. Convenient access is provided via a 3/4 access point with a U-turn available within 100 feet of the right-hand exit. The property's versatility extends beyond fast food, making it suitable for various retail or service businesses. Its proximity to major anchors like Publix, Winn Dixie, and Walmart within a 1.25-mile radius further enhances its appeal and potential for success. This exceptional opportunity offers a fully operational space in a prime location, ready to support your business vision. Don't miss this chance to establish or expand your business in a thriving commercial area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $905,285
- 6.5%
- $835,648
- 7%
- $775,958
-
Comparable approach
- Method
- Valuation
- Relative Method
- $659,662
- Geo Method
- $659,662
-
Alternative Use
- Use
- Valuation
- Residential
- $704,900
- Hospitality
- $645,685
- Educational
- $537,202
- Medical
- $555,677
- Retail
- $835,648
Location Insight
- City
- Fernandina Beach
- County
- Nassau
- State
- Florida
- Latitude
- 30.6409
- Longitude
- -81.4581
- CBSA code
- 27260
- CBSA name
- JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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