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Hammock Beach Discovery Center 1 Hammock Beach Pky 26,075 SF 40% Leased Office Building Palm Coast, FL 32137 $4,700,000 ($180.25/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased
- Priced under $200 sf
- 7 Cap Rate
- Newer Roof and AC units
EXECUTIVE SUMMARY
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Currently used for Coldwell Banker Real Estate office.
Two great options in this iconic office building. First floor offers a classic 5300 sf space with traditional racetrack layout. Second floor office/boardroom layout provides 10K square feet (can be divided into 2 units of 5K sf each). This exceptional office building with strong co-tenants is 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 makes a strong statement. The second floor space was the corporate HQ for developer of Ocean Hammock, Hammock Beach, Cinnamon Beach and Yacht Harbor Village. The first floor space is currently occupied by a national real estate company. Other current tenants include a regional property management firm, commercial real estate developer, and prominent local interior designer. There is not a better location in Flagler County for your business! This prestigious location comes with an very affordable price of only $24.00/sf NNN. Expense pass throughs are at $7.45/sf. 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. Call today for your opportunity to run your business from the most prominent location in Palm Coast.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 5,314 SF | Office | - | Now |
| 2nd Fl-Ste 201 | 10,366 SF | Office | - | Now |
1st Fl-Ste 100
| Size |
| 5,314 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 10,366 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 100
| Size | 5,314 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Currently used for Coldwell Banker Real Estate office.
2nd Fl-Ste 201
| Size | 10,366 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Two great options in this iconic office building. First floor offers a classic 5300 sf space with traditional racetrack layout. Second floor office/boardroom layout provides 10K square feet (can be divided into 2 units of 5K sf each). This exceptional office building with strong co-tenants is 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 makes a strong statement. The second floor space was the corporate HQ for developer of Ocean Hammock, Hammock Beach, Cinnamon Beach and Yacht Harbor Village. The first floor space is currently occupied by a national real estate company. Other current tenants include a regional property management firm, commercial real estate developer, and prominent local interior designer. There is not a better location in Flagler County for your business! This prestigious location comes with an very affordable price of only $24.00/sf NNN. Expense pass throughs are at $7.45/sf. 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. Call today for your opportunity to run your business from the most prominent location in Palm Coast.
PROPERTY TAXES
| Parcel Number | 04-11-31-3503-00000-00C0 | Improvements Assessment | $2,160,000 |
| Land Assessment | $0 | Total Assessment | $2,160,000 |
PROPERTY TAXES
Presented by
Hammock Beach Discovery Center | 1 Hammock Beach Pky
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