531 South 8th St, Fernandina Beach

$499,000

2 Beds
2 Baths
1,600 Sqft
0 Acre
0 Garage

Live just 1/2 MILE TO HISTORIC FERNANDINA BEACH and within walking distance to restaurants and shopping. This property carries a coveted zoning that allows both commercial and residential use. Upstairs is a surprisingly SWEET APARTMENT with private entrance and utilities and features granite counter tops in kitchen, solid wood cabinets, stainless steel appliances, vinyl waterproof plank floors in living areas and original wood floors in bedrooms. Downstairs can be used as YOUR WORK SPACE or create an income stream to PAY YOUR MORTGAGE and lease it! Commercial rental is scarce in the area and this premier space could command monthly income of $1200+. Roof has 50-year coating completed in 2016.Building can easily be re-faced for a more modern look and the treelined, fenced back yard provides ample room for a peaceful reprieve and your pets to play. With a little polishing, this is a diamond property with great investment potential and at a price point that is scarce in today's market.

Essential Information
MLS® #1096202
Price$499,000
Bedrooms2
Bathrooms2.00
Full Baths1
Half Baths1
Square Footage1,600
Year Built1950
TypeResidential
StatusActive
Community Information
Address531 South 8th St
SubdivisionMetes & Bounds
CityFernandina Beach
CountyNassau
StateFlorida
Zip Code32034
Area

410-fernandina Beach Downtown-west

Amenities
UtilitiesSewer - Public, Water - Public
PoolNo Pool
Parking

No Covered Parking, Other Parking

Interior
HeatingWindow/Wall Heating
CoolingWindow/Wall Cooling
Interior Features

Tile Floors, Vinyl Plank Flooring, Wood Floors

Exterior
ExteriorConcrete Block
Lot DescriptionRegular Lot, Sidewalks
Additional Information
Days on Market11
ZoningCommercial, Residential
HOA Fees0.00
HOA Fees Freq.N/A
Office

CENTURY 21 JOHN T FERREIRA AND SON, INC.

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Listing information last updated on March 7th, 2021 at 10:09am EST.