PALM COAST, FL 32137 1 HAMMOCK BEACH PARKWAY

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Presented By: PARKSIDE REALTY GROUP with 386-302-0300. -
  • MLS# FC308281
  • 03/26/2025
  • Request Tour
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  • SQFT • 25,834

Home Details

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!
Presented By: PARKSIDE REALTY GROUP with 386-302-0300. -

Interior Features for 1 HAMMOCK BEACH PARKWAY

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Flooringbrick/stone, carpet, ceramic tile
Heating Y/NYes
Total Stories2
Window Featuresdouble pane windows

General for 1 HAMMOCK BEACH PARKWAY

Accessibilityaccessible entrance
Additional Parcels Y/NNo
Appliancesrefrigerator
Association Nameocean hammock poa
Building Area Unitssquare feet
Building Featuresbathrooms, dumpsters, elevator, trash removal
Citypalm coast
Construction Materialsblock, stucco
Coolingcentral air
Countyflagler
Directionsfrom 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.
DockY/NNo
Electric200+ amp service
Facing Directionsouth
Flood Zone Codex
Flood Zone Code XY
Green Indoor Air Qualityno smoking-interior buildg
Green Water Conservationirrigation-reclaimed water
HOAYes
Heatingcentral
Legal Descriptionocean hammock parcel b-3 parcel c 2.20 ac (commercial) or 631 pg 486 or 1498 pg 22 or 1887/74 or 1938/1888 or 1939/1888-cd or 1944/723 or 1973/814 or 2122/1742
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet95832
Lot Size Unitsacres
MLS Area32137 - palm coast
ModificationTimestamp2025-03-27t07:56:51.040z
Monthly Condo Fee Amount820
New ConstructionNo
Ownershipsole proprietor
Property Subtypeoffice
Property Typecommercial sale
Security Featuresfire alarm, fire sprinkler system, key card entry, security lights, security system, smoke detector(s)
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Nameocean hammock prcl b-3
Tax Annual Amount30745.99
Tax Lotc
Tax Year2024
Utilitieselectricity available, phone available, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built2003
Zoningpud

Exterior for 1 HAMMOCK BEACH PARKWAY

Building Area Total25834
Foundation Detailsslab
Lot Size Acres2.2
Lot Size Area2.2
Number of Buildings1
Parking Featurescommon, lighted, over 30 spaces
Road Frontage Typecity street
Road Surface Typeasphalt, paved
Water Sourcepublic

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $4,700,000
MLS#FC308281
List Date 03/26/2025
Property Type Commercial
Phone 518.569.7173
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Location
  • Babcock Ranch