1 HAMMOCK BEACH Pkwy Palm Coast, FL 32137 Active
UPDATED: 04/02/2026 08:10 PM ON MARKET: 399 days on market
$4,700,000
25,834 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 25,834 sqft
Price per Sqft $181
Subdivision Ocean Hammock Prcl B-3
MLS Listing ID FC308281
Condo Fees $9,840
HOA Y/N No
Annual Recurring Fee 9840.0
Year Built 2003
Annual Tax Amount $30,745
Lot Size 2.200 Acres
Acres 2.2
Property Sub-Type Office
Source Stellar MLS
Property Description
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!
