Prime investment and development property for luxury townhomes one block from Centre Street retail shops, restaurants, business offices and the City Marina. Property is in the Community Redelopment Area (CRA) and Downtown Historic District in the City of Fernandina Beach on Amelia Island, Florida with magnificent unobstructed view of the Amelia River offering magnificant western sunsets on Amelia Island, voted the #1 Island Resort in the nation. The Zoning and Land Development Codes with the City of Fernandina Beach for this vacant property allow the development for nine (9) multi- family units. The highest and best use of this property is for development of luxury townhomes. Storm water retention is available from the City for a fee on Alachua Street to allow additional onsite parking and onsite amenities as an alternative to requiring onsite rentition for storm water. Alachua Street is the primary access to the property with street-scaped sidewalks underway for completion by year-end 2024. When completed the city funded improvements surrounding this property will provide pedestrian and vehicular traffic circulation allowing easy access from the property to restaurants, shops and city supported venues within the Historic District of the City of Fernandina Beach, Florida. .