804 Atlantic AveFernandina Beach, FL 32034

Property Details for 804 Atlantic Ave

Year built

1905

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

8,604 SF

Zone code

C-3

Property type

Hotels

Property subtype

Motels

APN

00-00-31-1800-0045-0010

APU

31180000450010

Description

The Hoyt House, an iconic 12-room hotel located at 804 Atlantic Ave, Fernandina Beach, FL 32034, presents a unique investment opportunity. This historic 1905 building, boasting 7,125 square feet across three stories, sits on a double lot and offers substantial property holdings in the heart of downtown. The property features 12 keys, each with a renovated private bathroom, and is fully furnished. Original flooring, millwork, and hardware maintain the building's timeless charm, complemented by modern updates to electrical and plumbing systems. Outdoor amenities include a private pool, hot tub, gazebo, and lush gardens with fruit trees. A private pub with a liquor license adds to the property's versatility. The C3 zoning allows for diverse uses, including a private estate, venue, or bed and breakfast. Additional features include a whole-house sprinkler system and a basement. The Hoyt House is conveniently located steps from Amelia Island's shops and restaurants, offering unparalleled access to the area's attractions. The asking price is $2,295,000, translating to $322.11 per square foot. This exceptional property offers a blend of historical significance and modern amenities, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,563,634

  6.5%

  $1,443,354

  7%

  $1,340,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,375,121

  Geo Method

  $1,375,121

• Alternative Use

  Use

  Valuation

  Residential

  $1,575,723

  Hospitality

  $1,443,354

  Educational

  $1,200,854

  Medical

  $1,242,153

  Retail

  $1,867,995

Location Insight

City

Fernandina Beach

County

Nassau

State

Florida

Latitude

30.6703

Longitude

-81.4585

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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