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$4,700,000

  • For Sale
  • Active
  • Office
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Fully leased Iconic office building with strong operating history located in the highly coveted Hammock area of Palm Coast. Originally constructed as the sales center for Hammock Beach and Ocean Hammock, the facility is first class. Impressive 5K+ sf lobby has not been allocated among seven tenant's leases as a core factor, so there is an immediate opportunity for additional income over current NOI. Operating numbers for 2024 are actual, and pricing reflects a 7 cap rate. At under $200/sf, this building could not be replicated. The roof was replaced in 2023/24 and all HVAC units are updated as well. There is not a better city in Florida for commercial real estate investment! Palm Coast has experienced substantial growth in recent years. As of 2024, the city's population is estimated at 106,000. The local economy is diverse, with key employment sectors including healthcare, retail trade, hospitality and food services. The city's proximity to Jacksonville, Orlando, and the Space Coast provides businesses with access to a highly educated and skilled workforce. Palm Coast is just 60 miles south of Jacksonville and 80 miles northeast of Orlando enabling it to draw significant business from these larger markets. Don't miss the premier investment opportunity in fast growing, desirable Palm Coast. Call to make an appointment and see this upscale, profitable facility for yourself!

Full Property Details for 1 Hammock Beach Pkwy

General

  • Price: $4,700,000
  • HOA FEE: $820/month
  • HOA FEE FREQ.: Annual
  • Taxes: $30,745 (2024)
  • Status: Active
  • Type: Office
  • Source: MidFloridaRegionalMLS
  • MLS ID: FC308281
  • Updated: 7/9/2025
  • Added to Site: 301 day(s) ago

Rental Information

  • Complex Features: Bathrooms, Dumpsters, Elevator, Trash Removal

Interior

  • Appliances: Refrigerator
  • Flooring: Brick/Stone, Carpet, Ceramic Tile

Additional Information

  • Security/Safety: Fire Alarm, Fire Sprinkler System, Key Card Entry, Security Lights, Security System, Smoke Detector(s)

Parking

  • Parking Features: Common, Lighted, Over 30 Spaces

Location

  • Area: 32137 - Palm Coast
  • County: Flagler
  • Development Name: 32137 - Palm Coast
  • Subdivision: OCEAN HAMMOCK PRCL B-3
  • Driving Directions: From I-95 take Palm Coast Parkway East to Hammock Dunes Parkway. Proceed 1 mile north to Hammock Beach Parkway on the right. Building is immediately on your left before the guard gate.
  • Direction Faces: South

Community

  • Community Name: 32137 - Palm Coast
  • Assoc. Name: Ocean Hammock POA
  • Management Type: Owner Manager
  • Mgmt. Company: Owner Manager

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Phone Available, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Stucco
  • Ceiling Type: Acoustical, Drywall
  • Windows: Double Pane Windows
  • Square Feet: 25,834
  • Year Built: 2003

Lot Features

  • Lot Size (Acres): 2.2
  • Lot Size (Sq. Ft.): 95,832
  • Lot Size: 2.2
  • Frontage: City Street
  • Street/Road Desc.: Asphalt, Paved

Green Features

  • Indoor Air Quality: No Smoking-Interior Buildg
  • Water Conservation: Irrigation-Reclaimed Water

Financial Considerations

  • Condo Fee: $9,840
  • Condo Fee Freq: Annual
  • Tax Amount: $30,745.99
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Sole Proprietor
  • Special Conditions: None
  • Legal Description: OCEAN HAMMOCK PARCEL B-3 PARCEL C 2.20 AC (COMMERCIAL) OR 631 PG 486 OR 1498 PG 22 OR 1887/74 OR 1938/1888 OR 1939/1888-CD OR 1944/723 OR 1973/814 OR 2122/1742
  • Flood Zone Info: X
  • APN: 04113135030000000C0
  • Property ID: 04113135030000000C0
  • Block/Lot/Section: .

Listed by Parkside Realty Group

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— 1 Hammock Beach Pkwy —

  • Parkside Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1 Hammock Beach Pkwy

School District:Flagler County School District
NameGradesDistance
Old Kings Elementary School
301 Old Kings Road South, Flagler Beach, FL 32136
PK-58.8 mi
Matanzas High School
3535 Old Kings Road North, Palm Coast, FL 32137
9-122.7 mi
Indian Trails Middle School, Palm Coast, FL
5505 Belle Terre Parkway, Palm Coast, FL 32137
6-84.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 Hammock Beach Pkwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/26/2025
Listed
$4,700,000
116.09%
MLS
3/31/2016
Sold
$2,175,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1 Hammock Beach Pkwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$31,269
2%
$2,220,000
3%
2024
$30,526
1%
$2,160,000
2%
2023
$30,111
11%
$2,110,000
17%
2021
$27,012
-8%
$1,810,000
-14%
2022
$29,388
9%
$2,100,000
9%
2021
$27,012
-7%
$1,930,000
6%
2018
$28,959
10%
$1,826,000
10%
2017
$26,339
-10%
$1,660,000
-13%
2019
$29,353
13%
$1,910,000
19%
2016
$25,885
9%
$1,600,000
10%
2015
$23,727
—
$1,450,000
1%
2014
$23,828
-9%
$1,430,000
-8%
2013
$26,101
—
$1,560,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1 Hammock Beach Pkwy

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Parkside Realty Group

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1 Hammock Beach Parkway, Palm Coast, FL 32137 (MLS# FC308281) is a Office property. 1 Hammock Beach Parkway is currently listed for $4,700,000 and was received on March 26, 2025. Want to learn more about 1 Hammock Beach Parkway? Do you have questions about finding other Office real estate for sale in Palm Coast? You can browse all Palm Coast real estate or contact a Coldwell Banker agent to request more information.

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