1 Hammock Beach Pky - Medical FOR SALE


Palm Coast, FL 32137
$4,700,000 USD
386-931-0488
1 Hammock Beach Pky, Palm Coast, FL for Sale
$4,700,000 USD
Medical - FOR SALE
1/53
null | 7% Cap Rate

1 Hammock Beach Pky
Palm Coast, FL 32137


HIGHLIGHTS

  • Fully Leased
  • 7 Cap Rate
  • Priced under $200 sf
  • Newer Roof and AC units

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!

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hammock Beach Discovery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

PUD

APN/PARCEL ID

04-11-31-3503-00000-00C0

ASK ABOUT THIS PROPERTY

Margaret Sheehan-JonesParkside Realty Group LLCMore Info
386-931-0488

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Margaret Sheehan-JonesParkside Realty Group LLCMore Info
386-931-0488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.