Calling all INVESTORS! This 50' x 100' lot is zoned R-3 allowing for SHORT-TERM RENTALS with NO HOA or Condo Fees. Preliminary architectural plans by Cotner & Associates are in place to construct a two story 3,200 SF Duplex. Each side consists of a 3-bedroom, 3-bath unit with ample storage for beach toys. A feasibility study has already been conducted by McCranie & Associates to develop this lot along with three additional neighboring lots. Contract will include engineering plans and full site plan approval by the City of Fernandina Beach to construct these duplexes with short term rental ability. You are not just buying a lot, you are buying the ability to construct TWO fee simple townhouses steps from the beach. McCranie & Associates has a proven track record working with the City of Fernandina Beach. Do not let this opportunity pass you by. Schedule your showing TODAY before they are all gone!!!