$4,700,000
1 Hammock Beach Parkway Palm Coast, FL 32137
For Sale MLS# FC308281
25,834 sq ft Commercial
Details for 1 Hammock Beach Parkway
MLS# FC308281
Description for 1 Hammock Beach Parkway, Palm Coast, FL, 32137
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 Information
Property Type: Commercial, Office
Status: Active
Lot Size: 2.20 Acres
Square Feet: 25,834 sq ft
Year Built: 2003
Stories: 2 Story
Construction: Block,Stucco
Subdivision: Ocean Hammock Prcl B-3
Foundation: Slab
County: Flagler
Days On Market: 130
Interior Features
Appliances: Refrigerator
Flooring: Brick,Carpet,Ceramic Tile
Doors/Windows: Double Pane Windows
Accessibility: Accessible Entrance
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Available,Phone Available,Water Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Parking Description: Parking Space(s), Lighted, Common
Community Features
Security Features: Security System, Fire Alarm, Fire Sprinkler System, Security Lights, Key Card Entry, Smoke Detector(s)
Association Name: Ocean Hammock POA
Driving Directions
From I-95 take Palm Coast Parkway East to Hammock Dunes Parkway. Proceed 1 mile north to Hammock Beach Parkway on the right. Building is immediately on your left before the guard gate.
Financial Considerations
Terms: Cash,Conventional
Expense: 196331
Tax/Property ID: 04-11-31-3503-00000-00C0
Tax Amount: 30745.99
Tax Year: 2024
A broker reciprocity listing courtesy: PARKSIDE REALTY GROUP
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1 Hammock Beach Parkway
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1 Hammock Beach Parkway
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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