510 S 8th St

Investment Highlights

Turnkey, Full-Service Restaurant at the Foot of Downtown Fernandina Beach New Roof, Grease Trap Hookup, and a Re-Paved/Re-Striped Parking Lot Clear Visibility on the Hard Corner of 8th St and Elm St

Executive Summary

Marcus and Millichap is pleased to present the subject property located at 510 S 8th St. Fernandina Beach, FL 32034. This opportunity is situated on the hard corner of 8th St, AADT 11,500, and Elm St in the highly sought-after submarket of Fernandina Beach. Built in 1959, this structure was redesigned by John M Cotner AIA in 2010 and has been recently renovated with a new roof, grease trap hookup, and a newly re-striped and paved parking lot. This opportunity is ideal for an investor or an owner user to acquire a turnkey full-service restaurant at the foot of Downtown Fernandina Beach.During this decade (2020-2030), the Bureau of Economic Business & Research predicts that Nassau County will be the sixth fastest-growing county in the State of Florida (by %) with a projected population expansion of 36%, resulting in over 121,600 people calling Nassau County home by 2030. Tourism is Nassau County's largest job creator and is the leading driver of the economy.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    1,838
• Building Class    C
• Year Built/Renovated    1956/2006
• Price    875,000
• Price Per SF    476
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.18
• Land Acres    0.23 AC

• Signalized Intersection