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Pavilion 7 7 Florida Park Dr 5,773 SF 100% Leased Office Building Palm Coast, FL 32137 $1,350,000 ($233.85/SF) 7.06% Cap Rate



EXECUTIVE SUMMARY
A RARE OPPORTUNITY TO OWN ONE OF THE FINEST OFFICE BUILDINGS AVAILABLE IN BUSTLING PALM COAST FLORIDA! Prime Office Building in the Busy Center of Palm Coast, Florida. An Estimated 8,000 Cars & 500 Trucks Go By This Building Everyday! What A Place To *** Hang Your Shingle! *** Very well-maintained, two-story office building ideally located in the heart of Palm Coast’s thriving Business District, just off Interstate 95. Zoned for office, limited retail or service use, this property offers exceptional flexibility for a variety of business types, Including: Medical Offices, Investment Firms, or Tech Companies. The Large, Upscale, Island Walk Shopping Center is located just a 1/4 mile down the street, adding to the area’s convenience and visibility. All eight suites are newly renovated and fully leased, making this an outstanding income-producing investment or an ideal owner-user opportunity. The building spans approximately 5,773 square feet and sits on just under a half-acre lot. The parking lot provides approximately 25 spaces, split between the front and rear of the property. Whether you’re seeking an attractive, stabilized investment or envision consolidating your corporate, tech, medical, or professional offices into one signature location, this property delivers both prestige and practicality. Highlights: Excellent location just off I-95 in the Palm Coast Business District. Zoned for office, light service, or retail use 5,773 SF building on nearly ½ acre Eight newly renovated and leased suites Ample parking (approx. 25 spaces) Potential for single-user occupancy One of Palm Coast’s nicest commercial buildings Why Palm Coast? Enjoy a growing business environment, low taxes, and the unbeatable lifestyle of Sunny Palm Coast, Florida — the perfect setting to relocate or expand your business.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
5,773 SF
Building Class
C
Year Built/Renovated
1989/1995
Price
$1,350,000
Price Per SF
$233.85
Cap Rate
7.06%
NOI
$95,310
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,773 SF
Slab To Slab
8’
Building FAR
0.28
Lot Size
0.47 AC
Zoning
OFC-1
Parking
25 Spaces (4.33 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 07-11-31-7002-00030-0100 | Improvements Assessment | $339,000 |
| Land Assessment | $0 | Total Assessment | $339,000 |
PROPERTY TAXES
Parcel Number
07-11-31-7002-00030-0100
Land Assessment
$0
Improvements Assessment
$339,000
Total Assessment
$339,000
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Pavilion 7 | 7 Florida Park Dr
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