1940 8Th StFernandina Beach, FL 32034

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.

• 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

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