2298 Colbert Lane, Palm Coast, FL 32137 (MLS# 1046491)

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

Overview

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.

Listing Details MLS# 1046491

General Property Information

Number Of Units Total: Yes
Building Area Total: 5000
Year Built: 2016
Lot Size Dimensions: 1.153
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.
List Price/SqFt: 260
Sold Price/SqFt: 235

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

Contract Information

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

Building Features

Ceiling Eve Height: 7 - 10 Feet High
Maximum Ceiling Height: 10
Kitchen Facilities: Yes

More Information

Income and Expenses

Gross Income: 96000
Net Operating Income: 82048

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

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: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Electric

200+ Amp Service: Yes

Heating

Central: Yes

Listing Terms

Lease Back: Yes

Road Frontage Type

City Street: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Business Type

Professional Service: Yes
Professional/Office: Yes

Existing Lease Type

NNN: Yes

Sale Includes

Building & Land: Yes

Listing Office: Grand Living Realty

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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