$1,275,000

Description of 218 Ash Street, Fernandina Beach - MLS# 2162874

Historic Downtown Commercial Investment • C-3 Zoning • Multi-Tenant Income Potential Historic two-story commercial property located in the downtown Fernandina Beach historic district offering strong income potential and leasing flexibility. The 3,342 sq ft building sits on a 100×50 corner lot with C-3 zoning allowing restaurant, office, retail, and service uses. The main level operates as an established restaurant and features a newly extended patio and courtyard seating area. The main building also includes a newly installed roof. The second floor offers three office suites with a shared bathroom that may be leased individually or combined for a single tenant. An additional downstairs side suite includes two rooms, a bathroom, and rear storage designed for a single tenant space. Positioned in the heart of downtown commercial activity, this property offers multiple revenue streams and strong upside as remaining spaces are leased, with projected returns indicating an above-average cap.

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