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!
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!
Property Details
Price:
$4,700,000
MLS #:
FC308281
Status:
Active
Beds:
0
Baths:
0
Address:
1 HAMMOCK BEACH PARKWAY
Type:
Commercial
Subtype:
Office
Subdivision:
OCEAN HAMMOCK PRCL B-3
Neighborhood:
32137 – Palm Coast
City:
PALM COAST
Listed Date:
Mar 26, 2025
State:
FL
Finished Sq Ft:
25,834
Total Sq Ft:
25,834
ZIP:
32137
Lot Size:
95,832 sqft / 2.20 acres (approx)
Year Built:
2003
Schools
Interior
Appliances
Refrigerator
Cooling
Central Air
Flooring
Brick/ Stone, Carpet, Ceramic Tile
Heating
Central
Exterior
Construction Materials
Block, Stucco
Parking Features
Common, Lighted, Over 30 Spaces
Security Features
Fire Alarm, Fire Sprinkler System, Key Card Entry, Security Lights, Security System, Smoke Detector(s)
Financial
HOA Name
Ocean Hammock POA
Tax Year
2024
Taxes
$30,746
Map
Community
- Address1 HAMMOCK BEACH PARKWAY PALM COAST FL
- SubdivisionOCEAN HAMMOCK PRCL B-3
- CityPALM COAST
- CountyFlagler
- Zip Code32137
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Courtesy of PARKSIDE REALTY GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 1 HAMMOCK BEACH PARKWAY
PALM COAST, FL
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