22 South Second Street

This small cottage is waiting for someone with a little vision.  Located directly across the street from the Hampton Inn and next door to Le Clos, this is the proverbial "hold out owner". 

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Commercial property sells at a premium and the biggest obstacle to a sale can often be financing.  This owner is willing to finance with 25% down at 6% interest, 30 year ammortization and a 7 year balloon.   Payments under $1750.00 per month look good when you compare rents at more than $20/foot before CAM on Centre Street.  Joe's Second Street Bistro, Le Clos, Kelly's Courtyard, Happy Tomato and Bright Mornings are all examples of excellent use of outdoor space in downtown Fernandina.  Interior space is ideal in the peak season...but what you want to survive is "outdoor" space you don't need to heat and cool when business is slow.  

What could you do with this property?  You tell me!  Take a few minutes to imagine and then consider just how much easier life can be with a little owner financing.