1 HAMMOCK BEACH PARKWAY, PALM COAST MLS Listing FC308281, PALM COAST Real Estate

1 HAMMOCK BEACH PARKWAY, Palm Coast, Florida 32137 USA

$4,700,000 Single Family MLS® FC308281

Taxes
$30,746
Living Area
25,834

HOA Fees
Year Built
2003

Subdivision
OCEAN HAMMOCK PRCL B-3
Community
OCEAN HAMMOCK

About this Property

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 2025 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 2025, the city's population is estimated at 116,000. 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!

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Disclaimer

The REALTOR® Association of Greater FT Lauderdale is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright REALTOR® Association of Greater FT Lauderdale, MLS All rights reserved. This property is courtesy of PARKSIDE REALTY GROUP.

$4,700,000

Taxes
$30,746
Living Area
25,834
HOA Fees
Year Built
2003
Subdivision
OCEAN HAMMOCK PRCL B-3
Community
OCEAN HAMMOCK

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