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460 Palm Coast Parkway, Palm Coast, FL 32137

$2,000,000
Property Type: Commercial Sale Square Footage: 12,203 Lot Size (sq. ft.): 69,260 Status: Closed
Current Price: $2,000,000 List Date: 2/12/2021 Last Modified: 9/28/2024

Overview

Description

Investor Alert! Don't miss this opportunity in Palm Coast FL. Multi-tenant building with financially strong tenants on multi-year NNN leases. 90% leased. Cap rate 7.5%. Central location in the heart of Palm Coast retail and business district, directly across from new AdventHealth 100-bed hospital site and on major east-west thorough fare. Beautifully maintained, plenty of parking, large lot. This property is only 1.5 miles from the I-95 interchange and 1.3 miles from US-1. Financial information is available upon request.

Listing Details MLS# 1080549

General Property Information

Number Of Units Total
5
Building Area Total
12203
Year Built
2006
Lot Size Acres
1.59
Lot Size Dimensions
69,081
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
From I-95/Palm Coast Pkwy, West past Belle Terre, left on Bridgehaven Dr. Left on Palm Coast Pkwy, 2nd blg on right.
Public Remarks
Investor Alert! Don't miss this opportunity in Palm Coast FL. Multi-tenant building with financially strong tenants on multi-year NNN leases. 90% leased. Cap rate 7.5%. Central location in the heart of Palm Coast retail and business district, directly across from new AdventHealth 100-bed hospital site and on major east-west thorough fare. Beautifully maintained, plenty of parking, large lot. This property is only 1.5 miles from the I-95 interchange and 1.3 miles from US-1. Financial information is available upon request.
List Price/SqFt
163.89
Sold Price/SqFt
163.89

Property Features

Building Features: Kitchen Facilities; Private Restroom; Showroom Business Type: Commercial; Medical; Professional Service; Professional/Office; Residential; Retail Construction Materials: Block; Concrete; Stucco Cooling: Central Air Current Use: Residential; Retail Electric: 220 Volts Existing Lease Type: NNN Heating: Central Road Frontage Type: County Road; Other Sale Includes: Building & Land Security Features: Fire Sprinkler System Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date
2021-02-12
Property Sub Type
Business

Location Tax and Legal

Street Number
460
Street Name
Palm Coast
Street Suffix
Parkway
County
Flagler
State
FL
Postal Code
32137
MLS Area Major
60 - Palm Coast

Status Change Information

Major Change Timestamp
2021-05-27T17:11:18Z
Major Change Type
Status Change
Purchase Contract Date
2021-02-21
Close Date
2021-05-27
Close Price
2000000

Building Features

Ceiling Eve Height
11 - 14 Feet High
Maximum Ceiling Height
11
Vac Off/Retail SqFt
12203
Kitchen Facilities
Yes
Private Restroom
Yes
Showroom
Yes

More Information

Historical Information

Public Historical Remarks 1
Road Type: Paved; Zoning (Text): Com-2; Bldg Type/Location: Free Standing; # Parking: 60; Parking: Paved; SqFt: Largest Contiguous: 7700; SqFt - Total: 12203.00; Site Improvements: Curb/Sidewalks; Confidential Listing: N; Highway Access: No; % Occupancy: 90.00; Road Frontage: 170.00; Depth: 350.00; Franchise Opt In: No; Current # Tenant: 4.0000

Location, Tax, and Legal

Country
US
Parcel Number
14-11-30-5538-00000-0050
Tax Annual Amount
15263
Tax Year
2020
Tax Legal Description
Lot 5, Subdivision Plat of ST JOE CORPORATE PARK, Map Book 32 pages 81-83 inclusive

Currently Not Used

Year Built
2006

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes

Current Use

Residential
Yes
Retail
Yes

Electric

220 Volts
Yes

Heating

Central
Yes

Road Frontage Type

County Road
Yes
Other
Yes

Security Features

Fire Sprinkler System
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Business Type

Commercial
Yes
Medical
Yes
Professional Service
Yes
Professional/Office
Yes
Residential
Yes
Retail
Yes

Existing Lease Type

NNN
Yes

Sale Includes

Building & Land
Yes
Listing Office: Parkside Realty Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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