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1401-1403 Park Ave - Park Avenue Suites

576 - 910 SF Office Units Offered at £156,490 - £195,613 Per Unit in Fernandina Beach, FL 32034

Investment Highlights

  • The property features high visibility with frontage on 14th street, allowing for both excellent exposure and accessibility.
  • The property is strategically positioned just north of Amelia Park's entrance and south of First Coast Community Bank, enhancing its appeal.
  • The fully leased building offers an incredible investment opportunity, adding stability and a reliable tenant base to the property.
  • The building features two spacious offices, a welcoming reception area, and a generous breakroom, making it well-suited for various professional uses.

Executive Summary

Income producing property, fully occupied by reliable tenants.

Property Facts

Price £156,490 - £195,613
Unit Size 576 - 910 SF
No. Units 2
Total Building Size 6,065 SF
Property Type Office
Building Class B
Number of Floors 1
Typical Floor Size 5,337 SF
Year Built 1999
Lot Size 0.56 AC

2 Units Available

Unit B

Unit Size 576 SF
Price £156,490
Price Per SF £271.68
Unit Use Office
Sale Type Investment
Net Initial Yield 5.94%
NOI £9,295.51
Sale Notes

Class A office space with 14th Street frontage. Available for sale or for lease. Unit has two large offices, a reception area and a large breakroom. Located just north of the entrance to Amelia Park and south of First Coast Community Bank. Tenant in the building is Edward Jones Financial who is on a NNN lease.

Unit E

Unit Size 910 SF
Price £195,613
Price Per SF £214.96
Unit Use Office
Sale Type Investment
Net Initial Yield 7.61%
NOI £14,883.62
Description

00-00-31-163A-000E-0000

Sale Notes

Sales price is negotiable.  100% leased.  Call today for details.

zoning

Zoning Code PUD
PUD
  • Listing ID: 8493428

  • Date on Market: 09/09/2008

  • Last Updated:

  • Address: 1401-1403 Park Ave, Fernandina Beach, FL 32034

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