Here is a fantastic opportunity with a mixed-use commercial/residential lot. It's just a block away from Historic downtown Fernandina Beach which gives you significant advantages for business opportunities. It's in proximity of shops, restaurants, and the Amelia River which adds to the appeal of the location. The property is less than 2 miles from Main Beach with easy access to the beach. It is zoned C-3 which allows you to build your dream home & operate a business, giving you the opportunity for work-life balance. With this mixed-use zoning, you have the flexibility to design a property that suits your needs. You can create a storefront or office space on the ground floor while having a comfortable residence on the upper levels. With vacant land becoming scarce in Fernandina Beach, properties tend to increase in value. Investing in such a property can be a wise financial decision.
111 S 8TH Street, Fernandina Beach, FL, 32034
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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