Parcel A - Seven (7) Townhome Site S. 8th Street, Fernandina Beach, FL 32034

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1 Parcel A - Seven (7) Townhome Site S. 8th Street, Fernandina Beach, FL Anthony Quattrochi JDM Real Estate Services, LLC 1866 Carnation Street,Fernandina Beach, FL tquattrochi@comcast.net (904) License: BK

2 Parcel A - Seven (7) Townhome Site $490,000 Two adjoining parcels totaling.45 acres identified as Parcel A [# BLK 148 N 1/2 of Lot 7, and Lot 8 (.34 acres,) + # BLK 148 S 1/2 of Lot 7 (.11 acres)]. The zoning of the subject properties is 8th Street Mixed Use (MU- 8). Permissible uses of properties in the MU-8 zoning district are defined in City of Fernandina Beach, Florida LDC Section The Subject Properties contain approximately 20,000 square feet within the 8th Street Mixed Use land use category. The minimum land area required to support a residential unit is 2,420 square feet. When you divide 20,000 by 2,420, the land is capable of supporting up to 8 residential units. Within the MU-8 zoning district, permissible housing types include single-family detached, duplex, triplex, and multifamily structures, townhouses, and mixed use structures (LDC Section ). The minimum lot width for any single property is 25 feet with a maximum impervious surface ratio of 75% and maximum floor area ratio of 200% (LDC Section (J)). The height for structures within this zoning district is 45 feet (LDC Section (E)). Aerial View - Parcel A Price: $490,000 Property Type: Land Property Sub-type: Multifamily (land) MU-8 provides for integrated or stand-alone uses. Flexible land uses and design codes promote pedestrian activity. Thriving gateway to the historic downtown of Fernandina Beach. Strong local market demand for residential housing. Townhome 45 ft. height allows sunrise ocean and sunset river views. FDOT funded streetscape improvements commencing in Property Use Type: Zoning Description: Vacant/Owner-User MU-8 [8th Street Mixed Use] Features: Electricity/Power, Irrigation, Water, Telephone, Cable, Gas/Propane

3 1 Lot N1/2 7&8 Price $490,000 Lot Size 0.45 AC Price/AC $1,088, Lot Type Multifamily (land) Min. Divisible 0.06 AC Max. Contiguous 0.45 AC Commission Split 5% Parcels BLK 148 N 1/2 of Lot 7 & Lot 8, and Parcel BLK 148 S1/2 of Lot 7.

4 S. 8th Street, Fernandina Beach, FL The Subject Properties lie within the MU-8 land use area intended to promote the 8th Street corridor as a thriving gateway to the historic downtown of Fernandina Beach, Florida. The only area where the 8th Street small area land use (MU-8) is permissible are those properties located along the southern half (1/2) of the Ash Street Block extending to nonhistoric district properties on the fronting Beech Street and along the eastern half (1/2) block of 9th Street on the northern extent of the corridor. Then, extending along eastern half block of 8th Street to the western half block of 9th Street between Beech Street and properties just south of Cedar Street and continuing along the eastern half block of 8th Street to the western half block of 9th Street between Cedar Street and Fir Street. Finally, extending south on Fir Street for the entire block width between 7th and the western half block of 9th Street, terminating at Lime Street. The 8th Street MU-8 standards are intended to encourage flexibility and variety in development through creative site and building design. All development shall contribute to making 8th Street a distinct and memorable part of the city.

5 Property Photos Proposed Site Plan - Seven (7) Townhomes