$900,000
5 S 3RD Street B, Fernandina Beach, FL 32034, Fernandina Beach, FL 32034
City Of Fernandina Beach
- Price
- $900,000
- Beds / Baths
- 3 / 2
- Living area
- 1,511 sqft
- Year built
- 1900
- Type
- Condo
- Lot
- —
- Garage
- 0
- HOA
- $235/mo
- CDD
- No
- Flood zone
- Unknown
- County
- Nassau
- Days on market
- 200
- Elementary
- Emma Love Hardee
- Middle
- Fernandina Beach
- High school
- Fernandina Beach
$596/sqft asking, vs a $405/sqft median across 269 closed sales in 32034 over the last 12 months — 47% above the area's closed prices. Condition and lot vary; that's what a showing is for.
Located in the historic City Mart Building in downtown Fernandina Beach, this 1500 sqft space is one of few properties offering this flexibility. Zoned C-3, allowing residential, retail, office, or mixed-use, the possibilities here are incredible! Accessed from a breezeway on S 3rd St, double glass doors open to a spacious room well-suited for a retail shop, gallery, or living area. A large room with custom built-ins is ideal as an executive office, bedroom, or space to browse in a boutique setting. The ground level also includes a kitchenette, half bath, and storage. The upper level provides access to a shared balcony and includes a large flex area as well as three private rooms, a large second kitchenette and additional half bath. The City Mart building is one of Fernandina's most recognizable landmarks, fronting Centre Street, and home to Fantastic Fudge and professional offices. The 3rd St. location offers visibility and foot traffic if desired for retail, while the breezeway entrance creates a more tucked-away, private feel. The layout naturally supports retail or gallery space below with residential or studio space above. Imagine a boutique, yoga or art studio, live/work arrangement, or monthly furnished rental. The historic district has stood the test of time as a walkable, working downtown and year-round hub for dining, curated boutiques, and beloved community events. That authenticity is a defining feature of the island's enduring appeal. A zoning confirmation letter outlining permitted uses for C-3 zoning is on file; buyer shall seek permits for renovations or change of use, if required. Seize this opportunity to establish your presence in the heart of Amelia Island's vibrant historic district!
What to check on this one
- Verify condo documents: latest reserve study, financial statements, meeting minutes.
- Obtain flood zone designation and elevation certificate for this downtown location.
- Review City Mart building roof age, HVAC systems, and deferred maintenance reserve.
- Confirm C-3 zoning allows your intended use; verify any deed restrictions on commercial.
- Check if property qualifies for homestead exemption given mixed-use zoning.
- Request HOA insurance declaration page; confirm coverage limits adequate for building.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $720,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of BERKSHIRE HATHAWAY HOME SERVICES HEYMANN WILLIAMS. Data via realMLS (Northeast Florida MLS), updated Jul 24, 2026, 2:22 PM.
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