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1 HAMMOCK BEACH PARKWAY

Commercial For Sale
$4,700,000

BTC: 73.43750000

ETH: 2,691.86712486

434 days
0 room(s)
25,834 sqft

Overview

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

Florida • PALM COAST • 32137 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Common / Lighted / Over 30 Spaces
Year Built:
2003
Lot:
2.20 Acres
Heating:
Central
Price/sqft:
$182
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$30,745
2024
All facts and features

  • Flooring

    • Brick/Stone

    • Carpet

    • Ceramic Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Refrigerator

  • Parking

    • Common

    • Lighted

    • Over 30 Spaces

    Lot

    • Lot: 2.20 Acres

    Other Property Information

    • Parcel Number: 04113135030000000C0

    • Zoning: PUD

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Utility

    • Electricity Available

    • Phone Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $30,746

  • Source details

    • MLS ID: FC308281

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Window Features: Double Pane Windows

    • Direction Faces: South

    • Living Area: 25834

    • Water Source: Public

    • Subdivision Name: OCEAN HAMMOCK PRCL B-3

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32137
915
median $399K
Active
Same city
PALM COAST
1,560
median $369K
Active
Same type
Commercial
36
median $309K
Active
Similar price
$3.3M – $6.1M
9
median $4.7M
Active

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 ©2026-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: PARKSIDE REALTY GROUP