To schedule a showing of 1 Hammock Beach Parkway, Palm Coast, Florida, Call David Shippey at 863-521-4517 TODAY!
$4,700,000 | N/A beds | N/A full baths | N/A half baths | 25,834 sqft
Palm Coast, FL 32137
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 25,834SqFt
- 2003Year Built
- 2.20Acres
- MLS# FC308281
- Commercial
- Office
- Active
- Approx Time on Market1 year, 3 months, 15 days
- Area32137 - Palm Coast
- CountyFlagler
- Subdivision Ocean Hammock Prcl B-3
Overview
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!
Agriculture / Farm
Association Fees / Info
Senior Community: No
Hoa Fees Frequency: Annually
Hoa Fees: 9840
Bathroom Info
Building Info
Window Features: DoublePaneWindows
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Pool Private: No
Financial
Gross Scheduled Income: 523,235
Net Operating Income: 326,903
Original Price: $4,700,000
Garage / Parking
Open Parking: No
Parking Features: Common, Lighted, ParkingSpaces
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Interior Features
Fireplace: No
Floors: Brick, Carpet, CeramicTile
Spa: No
Appliances: Refrigerator
Lot Info
Direction Remarks: 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.
Lot Size Units: Acres
Lot Size Acres: 2.2
Lot Sqft: 95,832
Road Frontage Type: CityStreet
Other
Special Conditions: None
Security Features: SecuritySystem, FireAlarm, FireSprinklerSystem, KeyCardEntry, SmokeDetectors, SecurityLights
Other Rooms Info
Property Info
Section: 04
Class Type: Office
Property Sub Type: Office
Property Attached: No
New Construction: No
Construction Materials: Block, Stucco
Total Stories: 2
Accessibility: AccessibleEntrance
Foundation: Slab
Human Modified: Yes
Sqft Info
Sqft: 25,834
Bulding Area Sqft: 25,834
Living Area Units: SquareFeet
Tax Info
Tax Year: 2,024
Tax Lot: C
Tax Legal Description: OCEAN 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
Tax Block: .
Tax Annual Amount: 30745.99
Tax Book Number: 486
Unit Info
Utilities / Hvac
Heating: Central
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir
Cooling: Yes
Heating: Yes
Utilities: ElectricityAvailable, PhoneAvailable, WaterConnected
Waterfront / Water
Waterfront: No
View: No
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.This listing courtesy of Parkside Realty Group
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MLS IDX data last updated on 07-12-2026 1:33 PM EST.
If you have any questions on 1 Hammock Beach Parkway, Palm Coast, Florida, please call David Shippey at 863-521-4517.
MLS# FC308281 located at 1 Hammock Beach Parkway, Palm Coast, Florida is brought to you by David Shippey REALTOR®
1 Hammock Beach Parkway, Palm Coast, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 1 Hammock Beach Parkway, Palm Coast, Florida is FC308281.
The price for 1 Hammock Beach Parkway, Palm Coast, Florida is $4,700,000.
The status of 1 Hammock Beach Parkway, Palm Coast, Florida is Active.
The subdivision of 1 Hammock Beach Parkway, Palm Coast, Florida is Ocean Hammock Prcl B-3.
The home located at 1 Hammock Beach Parkway, Palm Coast, Florida was built in 2026.