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$4,700,000 - 1 Hammock Beach Parkway, PALM COAST

-
Bedrooms
-
Baths
25,834
SQ. Feet
2.2
Acres

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!

Essential Information

  • MLS® #:
    FC308281
  • Price:
    $4,700,000
  • Bathrooms:
    0.00
  • Square Footage:
    25,834
  • Acres:
    2.20
  • Year Built:
    2003
  • Type:
    Commercial Sale
  • Sub-Type:
    Office
  • Status:
    Active

Community Information

  • Address:
    1 Hammock Beach Parkway
  • Area:
    Palm Coast
  • Subdivision:
    OCEAN HAMMOCK PRCL B-3
  • City:
    PALM COAST
  • County:
    Flagler
  • State:
    FL
  • Zip Code:
    32137

Amenities

  • Parking:
    Common, Lighted, Over 30 Spaces

Interior

  • Appliances:
    Refrigerator
  • Heating:
    Central
  • Cooling:
    Central Air
  • # of Stories:
    2

Exterior

  • Foundation:
    Slab

Additional Information

  • Days on Market:
    76
  • Zoning:
    PUD

Listing Details

  • Listing Office:
    Parkside Realty Group

Listing information courtesy of Parkside Realty Group.

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Listing data comes from My Florida Regional MLS.

Listing information last updated on July 11th, 2025 at 7:19pm EDT.