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445 RIVERFRONT DRIVE

Commercial For Sale
$8,950,000

BTC: 298.33333333

ETH: 4,475.00000000

136 days
0 room(s)
31,806 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

We are pleased to present an exceptional opportunity to acquire 445 Riverfront Drive, a newly constructed, luxurious condominium building located in the highly desirable Riverfront district of Palm Coast, Florida. This offering includes the entire building of 12 impeccably designed and finished luxury condominiums, each offering premium living in one of Florida’s fastest-growing coastal markets. For the savvy investor, this asset presents not only strong income potential through rentals, but also a compelling opportunity to realize substantial profits by selling the units individually. With average market rents already demonstrating strong cash flow, the resale value of each unit — given their luxury finishes, modern amenities, and prime waterfront location — offers significant upside. Capitalize on the flexibility to hold as a fully leased income property or strategically exit through high-margin unit-by-unit sales, taking advantage of robust buyer demand for quality residences in Palm Coast’s Riverfront district. Please note that the seller will accept cryptocurrency as a form of payment for this exceptional property. Further enhancing the investment value, buyers can utilize cost segregation strategies to potentially offset up to 50% of the purchase price through accelerated depreciation. This powerful tax benefit allows investors to dramatically improve after-tax cash flow in the early years of ownership, making 445 Riverfront Drive not just a premier real estate asset, but a highly strategic wealth-building vehicle.

Location

Facts and features

Type:
Commercial Sale
Parking:
19 to 30 Spaces / Common / Deeded / Ground Level / Over 30 Spaces
Year Built:
2024
Lot:
0.70 Acres
Heating:
Central / Central Individual / Electric / Heat Pump
Price/sqft:
$281
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Central

    • Central Individual

    • Electric

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

  • Parking

    • 19 to 30 Spaces

    • Common

    • Deeded

    • Ground Level

    • Over 30 Spaces

    Property

    • Levels: Three Or More

    Lot

    • Lot: 0.70 Acres

    Other Property Information

    • Parcel Number: 221131399500C10B101

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • BB/HS Internet Capable

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $88,500

  • Source details

    • MLS ID: FC311334

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Slab

    • Lot Features: Cul-De-Sac / Curb and Gutters / Fire Hydrant / City Lot / Landscaped / Near Golf Course

    • Window Features: Double Pane Windows / ENERGY STAR Qualified Windows / Storm Window(s)

    • Direction Faces: South

    • Other Structures: Garage(s)

    • Living Area: 31806

    • Water Source: Public

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: 3 DOT REALTY LLC