This property is zoned commercial C-1. A rare opportunity to purchase almost an acre located in the City Limits of Fernandina Beach in a very desirable location between the Amelia Island Historic District and the beach with an easy walk to parks, shopping and dining. Currently used as 5 rental spaces, fully occupied for a substantial rental income. There is a two bedroom cottage, 4 apartments, a 3 bay garage with over 800 sf and workshop/office area for additional storage and fenced back yard. Property is high and dry and located in flood zone X. Close to community boat ramp/launch and marina. Endless potential for this commercial property include grocery, services, professional offices, recreation, art/dance studio, restaurant, retail, seasonal sales and more. Buyer to verify with city. Seller financing available.