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2 Armand Beach Dr
Palm Coast, FL 32137
Office Property For Sale

EXECUTIVE SUMMARY
2 Armand Beach Dr is a premium office building located in the desirable Armand Beach Office Park, just off A1A in the Hammock area of Palm Coast, FL. This location offers a rare opportunity to invest in a stabilized, income-generating professional office with 4,796 sf in a coastal, high-demand market with strong tenant interest and limited professional office inventory. Gross Rent Potential is estimated at $107,400 with monthly income of $8,950. Income is provided by 4 separate units, the second floor units have vaulted high ceilings giving a spacious feeling. The owner pays insurance, real estate taxes and common area maintenance. The property is a modern coastal-style construction with attractive curb appeal, ample parking and easy access for clients and staff including an elevator. Its high visibility from A1A and proximity to major residential communities makes it ideal for medical, legal, financial, or administrative professionals, and potential for multiple tenant uses. It is located in the affluent Hammock area which has a rapidly growing population of second-home owners, and high-income professionals. The area is surrounded by luxury residential and resort communities such as the Hammock Beach Resort, Hammock Dunes and the future Ritz Carlton Residence. There is a limited inventory of quality office space in this submarket that makes this an attractive investment. 1 Armand Beach Dr. is also available for sale. Contact agent for showings and financial information.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,860 SF
Building Class
B
Year Built
2004
Price
$1,318,900
Price Per SF
$271.38
Percent Leased
48%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,320 SF
Building FAR
0.16
Lot Size
0.70 AC
Zoning
R/C
Parking
18 Spaces (3.88 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 20-10-31-0300-00010-0010 | Improvements Assessment | $322,000 |
| Land Assessment | $0 | Total Assessment | $322,000 |
PROPERTY TAXES
Parcel Number
20-10-31-0300-00010-0010
Land Assessment
$0
Improvements Assessment
$322,000
Total Assessment
$322,000
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