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4440 N Oceanshore Blvd 10,205 SF 90% Leased Office Building Flagler Beach, FL 32136 $1,775,000 ($173.93/SF) 7% Cap Rate



Investment Highlights
- Ten Commercial Units
- Updated Landscaping
- Mixed Use
- Two Second Floor Apartments
- Updated Lighting
- Monument Signage
Executive Summary
PRIME INVESTMENT OPPORTUNITY IN THE HAMMOCKS OF PALM COAST! Mixed-Use Plaza with untapped potential. Unlock a world of possibilities with this exceptional mixed-use property, perfectly positioned in the highly desirable Hammocks of Palm Coast. This meticulously crafted plaza offers immediate income potential with ten commercial spaces and two luxury residences above. The plaza features ten prime commercial spaces, 9 of which are currently occupied, and one is ready for immediate occupancy or tenant placement. This offers excellent visibility and access on N Ocean Shore Blvd, making it ideal for retail, professional services, or boutique businesses. Developed with meticulous attention to detail and no expense spared. All leases in place fall under a true Triple Net structure. Currently 90% occupied! Rent Roll available upon request from a registered buyer/agent. Experience the ultimate in tenant diversity! This one-of-a-kind plaza is home to a thriving ecosystem of businesses, ranging from high-demand professional offices and nutritionists to trendy niche retail stores. These units are in high demand and have no issue with leasing up. Perfect 1031 opportunity with immediate turn key cash flow. This property hits the "holy grail" trifecta: location (A1A visibility), structure (NNN), and diversification.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,205 SF
Building Class
B
Year Built
1995
Price
$1,775,000
Price Per SF
$173.93
Cap Rate
7%
NOI
$124,250
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,103 SF
Slab To Slab
8’
Building FAR
0.28
Lot Size
0.83 AC
Zoning
R/C - COMMERCIAL - 1
Parking
30 Spaces (2.94 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Monument Signage
- Air Conditioning
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 38-11-31-0000-02100-008A | Improvements Assessment | $697,000 |
| Land Assessment | $0 | Total Assessment | $697,000 |
Property Taxes
Parcel Number
38-11-31-0000-02100-008A
Land Assessment
$0
Improvements Assessment
$697,000
Total Assessment
$697,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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4440 N Oceanshore Blvd
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