Palm Coast, FL 32137,1 HAMMOCK BEACH Pkwy
Palm Coast, FL 32137,1 HAMMOCK BEACH Pkwy
Palm Coast, FL 32137,1 HAMMOCK BEACH Pkwy
Palm Coast, FL 32137,1 HAMMOCK BEACH Pkwy
Palm Coast, FL 32137,1 HAMMOCK BEACH Pkwy
Palm Coast, FL 32137,1 HAMMOCK BEACH Pkwy
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Carlos Uzcategui

Carlos Uzcategui

LPT Realty

+1(407) 276-2942
$ 4,700,000
Est. payment | /mo

25,834 SqFt


$ 4,700,000
Est. payment | /mo

25,834 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 25,834 sqft

Price per Sqft $181

Subdivision Ocean Hammock Prcl B-3

MLS Listing ID FC308281

Condo Fees $9,840

HOA Y/N No

Originating Board Stellar MLS

Annual Recurring Fee 9840.0

Year Built 2003

Annual Tax Amount $30,745

Lot Size 2.200 Acres

Acres 2.2

Property Sub-Type Office

Property Description

Fully leased Iconic office building with strong operating history located in the highly coveted Hammock area of Palm Coast. Originally constructed as the sales center for Hammock Beach and Ocean Hammock, the facility is first class. Impressive 5K+ sf lobby has not been allocated among seven tenant's leases as a core factor, so there is an immediate opportunity for additional income over current NOI. Operating numbers for 2024 are actual, and pricing reflects a 7 cap rate. At under $200/sf, this building could not be replicated. The roof was replaced in 2023/24 and all HVAC units are updated as well.
There is not a better city in Florida for commercial real estate investment! Palm Coast has experienced substantial growth in recent years. As of 2024, the city's population is estimated at 106,000. The local economy is diverse, with key employment sectors including healthcare, retail trade, hospitality and food services. The city's proximity to Jacksonville, Orlando, and the Space Coast provides businesses with access to a highly educated and skilled workforce. Palm Coast is just 60 miles south of Jacksonville and 80 miles northeast of Orlando enabling it to draw significant business from these larger markets.

Don't miss the premier investment opportunity in fast growing, desirable Palm Coast. Call to make an appointment and see this upscale, profitable facility for yourself!

Location

State FL

County Flagler

Community Ocean Hammock Prcl B-3

Zoning PUD

Interior

Heating Central

Cooling Central Air

Flooring Brick, Carpet, Ceramic Tile

Appliance Refrigerator

Exterior

Parking Features Common, Lighted, Over 30 Spaces

Utilities Available Electricity Available, Phone Available, Water Connected

Building

Story 2

Foundation Slab

Lot Size Range 2 to less than 5

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Ownership Sole Proprietor

Monthly Total Fees $820

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/FC308281

Stellar MLS
Listed by PARKSIDE REALTY GROUP
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1 HAMMOCK BEACH Pkwy