1. Florida
  2. Palm Coast
  3. 1 HAMMOCK BEACH PARKWAY
$4,700,000

1 HAMMOCK BEACH PARKWAY, Palm Coast, FL 32137

  • 25,834 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2003
  • Property Lot Size Icon2.2acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $182/sqft
  • Property List Date Icon Listed 4 months ago

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!

Listing Status:
Active
Date Added:
March 26, 2025 at 05:00AM
Listing Office:
PARKSIDE REALTY GROUP : 386-302-0300
Listing Agent:
Margaret Jones : 386-931-0488
MLS ID:
FC308281
  • Appliances: Refrigerator
  • Flooring: Brick/StoneCarpetCeramic Tile
  • A/C: Central Air
  • Heating: Central
  • Disability Feature: Accessible Entrance
  • Eco/Green Feature: Irrigation-Reclaimed Water

This listing courtesy of Margaret Jones, PARKSIDE REALTY GROUP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Belle Terre Elementary School

5545 Belle Terre Pkwy, Palm Coast, FL, 32137

Grades PK-5

4.20 miles away

I

Indian Trails Middle School

5505 Belle Terre Pkwy, Palm Coast, FL, 32137

Grades 6-8

4.18 miles away

M

Matanzas High School

3535 Old Kings Rd N, Palm Coast, FL, 32137

Grades 9-12

2.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.