0.49 Acres Lot
0.49 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Miramar Beach
MLS Listing ID 117660
Style Two Story
Construction Status Resale
HOA Y/N No
Year Built 1946
Lot Size 0.494 Acres
Acres 0.4936
Lot Dimensions 200x85
Property Sub-Type Commercial
Property Description
Exceptional oceanfront multi-family income-producing asset consisting of 6 fully furnished units on Amelia Island, featuring direct beach access via a private walkover, private parking, and individual metering.
Highest & Best Use — 80-Room Boutique Hotel & Spa Assemblage:
Zoned C-1 Ocean Front, this site presents a premier coastal redevelopment opportunity when assembled with neighboring parcels at 1962 and 1974 S Fletcher Ave. Crucially, the footprint benefits from prior approvals and historical permitting, dramatically streamlining the path for future municipal approvals and fast-tracking development for an 80-room luxury hotel and spa concept. Investors also benefit from robust short-term rental income to offset holding costs during the extended planning and permitting window.
Highest & Best Use Potential: Prime site positioned for an 80-room luxury boutique hotel and spa concept via assemblage with 1962 and 1974 S Fletcher Ave.
Streamlined Permitting Advantage: Prior approvals and historical permitting are already in place, significantly easing the future municipal approval process.
In-Place Holding Income: Generate reliable rental cash flow from the 6 turnkey, fully furnished units during the extended pre-development and permitting phase.
Flexible C-1 Zoning: Oceanfront zoning permitting daily, weekly, or monthly short-term rentals with a license for short-term rentals
Location
State FL
County Nassau
Area Ar 3 Beaches, Sub 0 Oceanfront
Direction From I-95, take SR 200 East to Amelia Island. Turn R on Saddler Rd to the end at the Ocean, then turn L on S Fletcher Ave; lots are immediately on your right. From I-295, take Heckscher Dr to First Coast Highway, R on S Fletcher Ave to 1974 & 1962 & 1990
Interior
Heating Zoned
Cooling Central Air, Electric, Zoned
Flooring Tile, Vinyl
Fireplace No
Window Features Other,See Remarks,Vinyl
Exterior
Water Access Desc Public
Roof Type Shingle
Street Surface Paved
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Resale
Others
Tax ID 00-00-31-1460-0043-0020
Nearby Locations
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