2298 Colbert Lane, Palm Coast, FL 32137
$1,175,000
Property Type:
Commercial Sale
Square Footage:
5,000
Status:
Closed
Current Price:
$1,175,000
List Date:
8/07/2018
Last Modified:
9/28/2024
Description
Class A office building in Palm Coast. Owners will lease for long term NNN. Built in 2016 located across from the main entrance to Grand Haven Planned community. Thriving commercial and residential district with long term growth. This property is perfect for an active investor looking for a quality built Office building with good ROI.
More Information MLS# 1046491
General Property Information
Number Of Units Total: 1
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: I95 or A1A to State Road 100 to Colbert Lane to Property.
Public Remarks: Class A office building in Palm Coast. Owners will lease for long term NNN. Built in 2016 located across from the main entrance to Grand Haven Planned community. Thriving commercial and residential district with long term growth. This property is perfect for an active investor looking for a quality built Office building with good ROI.
Building Area Total: 5000
Lot Size Dimensions: 1.153
List Price/SqFt: 260
Sold Price/SqFt: 235
Year Built: 2016
Location, Tax, and Legal
Country: US
Parcel Number: 48-11-31-0000-01010-0111
Tax Annual Amount: 10419
Tax Year: 2017
Tax Legal Description: 1.159 AC LYING IN PT OF SEC 16 & 48 POR NE CRNR SEC 16 SE 573.33', SW 133.54', SE 517.99' THENCE SELY ALONG A CURVE 480.45',
Currently Not Used
Year Built: 2016
Accessibility Features YN: Yes
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric
200+ Amp Service: 1
Heating
Central: 1
Income and Expenses
Gross Income: 96000
Net Operating Income: 82048
Listing Terms
Lease Back: 1
Road Frontage Type
City Street: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 7 - 10 Feet High
Kitchen Facilities: 1
Maximum Ceiling Height: 10
Business Type
Professional Service: 1
Professional/Office: 1
Existing Lease Type
NNN: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): MPD; Bldg Type/Location: Free Standing; Construction: Metal; Financing: Assumable Qualify; # Parking: 18; Income/Operating Inc: NOI: 82048, Total Operating Income: 13952; Lease Provisions: Sale Lease Back; Parking: Paved; SqFt: Occupied SqFt: 100, Office Rate/SqFt: 20; SqFt - Total: 4800.00; Confidential Listing: N; % Occupancy: 100.00; Financial Package: Yes; Franchise Opt In: No; Current # Tenant: 1.0000
Contract Information
Current Price: $1,175,000
Sold Price: $1,175,000
Status: Closed
Listing Contract Date: 2018-08-07
Property Sub Type: Business
Location Tax and Legal
Street Number: 2298
Street Name: Colbert
Street Suffix: Lane
County: Flagler
State: FL
Postal Code: 32137
MLS Area Major: 60 - Palm Coast
Status Change Information
Major Change Timestamp: 2019-05-03T14:10:01Z
Major Change Type: Status Change
Purchase Contract Date: 2019-04-04
Close Date: 2019-05-03
Close Price: 1175000
Property Features
Building Features: Kitchen Facilities
Business Type: Professional Service; Professional/Office
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Electric: 200+ Amp Service
Existing Lease Type: NNN
Heating: Central
Listing Terms: Lease Back
Road Frontage Type: City Street
Roof: Metal
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
Grand Living Realty
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.