1315 S. 8th Street -
Rare - vacant commercial lot opportunity with HIGH visibility, 1 mile from the ocean on HWY 200!
Marketing description
Amelia Island: Rare "Live Local" Gem with City Access
Unlock the full potential of Florida’s Live Local Act with this 1.62-acre site. Positioned in a high-barrier luxury market, this parcel allows you to bypass local density/height restrictions and access 100% tax exemptions by addressing the island's critical workforce housing shortage.
The Workforce Crisis (By the Numbers)
The Affordability Gap: With Fernandina Beach median home values at $669,000 and rents averaging $2,695/mo, essential workers are being priced out.
Economic Strain: Over 45% of low-income renters in the region are "cost-burdened," spending more than 40% of their income on housing.
Labor Shortage: Local tourism and medical sectors face a widening deficit of "attainable" units, with renter demand rising 7% year-over-year.
Strategic Development
Gateway Location: 579' of frontage on 8th St (A1A).
Annexation Potential: Currently unincorporated for lower taxes, with the option to annex into the City of Fernandina Beach for municipal utility connections.
Turnkey: Phase I complete, No reccs.
Investment highlights
- Currently located in Nassau County, this property has a seamless path to be annexed into the City (if annexed, City zoning would be MU-8)
- Live Local Act advantages include: bypassing local municipal zoning, density and height limits, allocating units towards the island's critical workforce housing shortage, the property unlocks massive ad valorem property tax exemptions under FL law, improving NOI and cap rates
- Year over year rental demand is climbing, and developing attainable housing taps into a underserved and insulated tenant base, reducing vacancy rates
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