1990 S FLETCHER Avenue, Amelia Island, FL 32034
sale
$3,400,000
|
Other
Courtesy Of Chaplin Williams Realty
Prime Oceanfront Investment and Redevelopment Opportunity potentially for 80-room hotel with parcels 1974 and 1962 S Fletcher. C1 zoning 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
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Zoned
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Concrete Block And Stucco
- Floor Covering: Linoleum
- Floor Covering: Tile
- Floors: 2
- Heating System: Zoned
- Legal Description: S 10 FT OF LOT 43 & ALL OF LOT 44 IN OR 2074/1710 ESMT OR 1448/234
- MLSID: 117660
- Parking Spaces: 10
- Roof Type: Shingle
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