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101 Alachua St - Land Parcel View of the Amelia River
0.62 Acres of Residential Land Offered at £3,077,100 in Fernandina Beach, FL 32034
Investment Highlights
- Unobstructed view of the Amelia River.
- Centrally located within the Downtown Historic District of the City of Fernandina Beach, Florida.
- City of Fernandina ongoing improvements to Front Street and Alachua Street to be completed by end of 2024.
- Nine (9) platted lots of Record for development and sale of luxury townhomes up to 45' in height above finished grade.
- Pedestrian access to retail shops, businesses, restaurants and bike paths along the Amelia River Waterfront.
- Strong demand for quality residential development in the Historic Downtown of Fernandina Beach.
Executive Summary
The Zoning and Land Development Codes with the City of Fernandina Beach for this vacant property allow the development for nine (9) multi- family units. The highest and best use of this property is for development of luxury townhomes.
Storm water retention is available from the City for a fee on Alachua Street to allow additional onsite parking and onsite amenities as an alternative to requiring onsite rentition for storm water.
Alachua Street is the primary access to the property with street-scaped sidewalks underway for completion by year-end 2024. When completed the city funded improvements surrounding this property will provide pedestrian and vehicular traffic circulation allowing easy access from the property to restaurants, shops and city supported venues within the Historic District of the City of Fernandina Beach, Florida.
.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
£23,499
|
£37,901.27
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£23,499
|
£37,901.27
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £23,499 |
| Annual Per AC | £37,901.27 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | £23,499 |
| Annual Per AC | £37,901.27 |
Property Facts
| Price | £3,077,100 | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.62 AC |
| Price | £3,077,100 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.62 AC |
1 Lot Available
Lot 8-16
| Price | £3,077,100 | Lot Size | 0.62 AC |
| Price Per AC | £4,963,064 |
| Price | £3,077,100 |
| Price Per AC | £4,963,064 |
| Lot Size | 0.62 AC |
.62 acre vacant land parcel incorporating nine (9) platted lots of record zoned C-3 Overlay facing Front Street overlooking the Amelia River in Fernandina Beach, Florida with primary access for ingress and egress from Alachua Street. HBU-townhomes.
Description
Vacant land parcel with nine(9) platted lots of record facing west overlooking the Amelia River and open marsh areas to St. Mary's, Georgia. Property is located within the Community Development Area of Historic Downtown Fernandina Beach, Florida on Amelia Island. Property is zoned C-3 Overlay allowing one townhome on each of the nine platted lots of record up to 45 feet above finished grade with roof decks along a 3' parapet. The property currently is used for parking under a lease with the Management of the Greyfield Inn for guest parking while traveling from the City marina to the Greyfield Inn on nearby Cumberland Island. Lease is assignable with terms that allow cancellation with 90 days after written notice.
PROPERTY TAXES
| Parcel Number | 00-00-31-1800-0001-0080 | Total Assessment | £1,278,443 (2023) |
| Land Assessment | £1,272,262 (2023) | Annual Taxes | £23,499 |
| Improvements Assessment | £6,181 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
zoning
| Zoning Code | C-3 (C-3 Overlay allowing development and nine multi-family townhome residential units.) |
| C-3 (C-3 Overlay allowing development and nine multi-family townhome residential units.) |
-
Tony Quattrochi -
JDM Real Estate Services, LLC
Presented by
101 Alachua St - Land Parcel View of the Amelia River
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