5 S 3rd Street Unit B

Explore the charm of Amelia Island, where historic downtown is a magnet for tourism, retail, and dining. The area surrounding the property is enriched with the picturesque riverfront, a thriving business district, and a vibrant shopping district. Indulge in the local culinary delights, immerse yourself in the historic allure, and discover the unique blend of modern amenities and historic charm. With convenient access to the riverfront, upscale boutiques, and the bustling business community, the property presents an ideal opportunity for office and office building investors seeking a prime location in this sought-after area.Positioned in the heart of Historic Downtown Fernandina Beach, this property offers an attractive opportunity for an owner-user or investor seeking a well-located commercial asset in one of Amelia Island’s most desirable and supply-constrained markets. The property is currently offered with a pro forma lease assumption of **$30.00/SF plus estimated NNN/CAM expenses of approximately $8.16/SF**. Based on 1,511 SF, projected annual base rental income and NOI are approximately **$45,330**, with the tenant responsible for reimbursement of property taxes and association/CAM expenses. At the projected NOI, a **5.0% capitalization rate supports an indicated income value of approximately $906,600**. This income potential is complemented by the property's location within a downtown Fernandina Beach market that has experienced continued appreciation in real estate values over time, offering investors the potential combination of current income and long-term asset value. With limited commercial inventory in the historic district, a walkable downtown location, and flexible potential for professional office or other permitted commercial uses, the property presents an opportunity to acquire a distinctive downtown asset with both income-producing and long-term investment appeal. *Pro forma figures are estimates based on assumed lease terms and current expenses and are provided for illustrative purposes only. Actual income, expenses, market value, and investment performance may vary.*