About 1 Hammock Beach Parkway
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!
Features of 1 Hammock Beach Parkway
| MLS® # | FC308281 |
|---|---|
| Price | $4,700,000 |
| Square Footage | 25,834 |
| Acres | 2.20 |
| Year Built | 2003 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Listing Details
| Office | PARKSIDE REALTY GROUP |
|---|
Listing Map
Neighborhood Information for 1 Hammock Beach Parkway
Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Christ The King Lutheran Church And School Private - Preschool to 8Th Grade - Closest Elementry School |
1 Miles | |
|
Matanzas High School Public - 9Th Grade to 12Th Grade - Closest High School |
3 Miles | |
|
|
Palm Harbor Academy Public - Preschool to 6Th Grade |
3 Miles | |
|
Belle Terre Elementary School Public - Preschool to 6Th Grade |
4 Miles | |
|
|
Indian Trails Middle School Public - 7Th Grade to 8Th Grade - Closest Middle School |
4 Miles | |
|
|
St Elizabeth Ann Seton Catholic School Catholic - Preschool to 8Th Grade |
4 Miles | |
|
|
Florida Autism Center - Palm Coast Private - to |
5 Miles |
School data provided by GreatSchools