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$150,000
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Property Description
Imagine the possibilities: perfect for a growing small business, an owner-user looking for a permanent home, or a savvy investor seeking excellent rental income potential. Benefit from assigned parking and the vibrant business community around you, including auto mechanics, screened enclosure installers, painters, HVAC companies, pool supply businesses, and bakers. Don't miss this rare opportunity to secure a low-maintenance, income-producing asset in a well-maintained complex. This is more than just a property; it's a strategic investment in your business's success. Located in the heart of Palm Coast's thriving commercial corridor, this light industrial unit offers the ideal blend of functionality and location. This is a real estate listing for the sale of two commercial units, 5K and 5L, located in Palm Coast, Florida. The seller is offering both units together for a total of $430,000. The units combined highlight 2,000 square foot space, plus a dedicated 400 sq. ft. office with 2 private bathroom, 12 foot overhead door for a seamless access and new wall A/C ! It is presented as a low-maintenance, income-producing property with a monthly HOA fee of $315 per unit and an average rental income of $1,500 per unit. The listing emphasizes the property's prime location within the commercial and industrial corridor of Palm Coast. Property details: Two units (5K and 5L) combined for a total of 2,000 sq ft Asking price: $430,000 Monthly HOA fee: $315 per unit ($941 quarterly) Average rental income: $1,500 per unit Location: Palm Coast, Florida, within a commercial and industrial corridor Assigned Parking: Convenient assigned parking spaces are included. Established Location: Situated in a well-maintained complex, the property offers excellent visibility and access to major roadways. Thriving Network: Join a community of established businesses, including mechanics, painters, and HVAC companies, for valuable networking opportunities. Low Fees: The monthly HOA fee is $315 per unit, making it a cost-effective investment. Versatile Space: The combined 2,000 sq. ft. offers flexibility for a wide range of business uses, including a combination of office, shop, and storage space. Functional Layout: The units include a total of 1,600 sq. ft. of shop area and 400 sq. ft. of office space, which features private bathrooms and a new wall A/C unit in one office. Easy Access: A 12-foot overhead door provides simple access for deliveries, equipment, and vehicles. Income Potential: This low-maintenance property has strong rental income potential, with an average rental income of $1,500 per unit. Assigned Parking: Convenient assigned parking spaces are included.
Full Property Details
Full Property Details for 15 Hargrove Ln #5L
General
- Sold For: $150,000
- HOA FEE: $300/month
- Taxes: $2,077 (2024)
- Status: Closed
- Type: Office
- Source: MidFloridaRegionalMLS
- MLS ID: FC313581
- Added to Site: 164 day(s) ago
Location
- Area: 32137 - Palm Coast
- County: Flagler
- Development Name: 32137 - Palm Coast
- Subdivision: PALM COAST COML & INDL CENTE
- Driving Directions: From US-1 North, turn left onto Hargrove Grade. Turn left onto Hargrove Lane. The complex is at the end of the cul-de-sac on Hargrove Lane. After entering the complex, your building will be the second on the left, on the corner.
Community
- Community Name: 32137 - Palm Coast
- Community Features: Sidewalks
- Assoc. Name: Watson Association MAnagement
- Management Type: Professional Off Site
- Mgmt. Company: Professional Off Site
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Structural Information
- # Buildings: 1
- Exterior Const.: Metal Frame, Metal Siding
- Square Feet: 1,000
- Living Area: 1,000 Sq. Ft.
- Year Built: 2006
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 1,000
- Lot Size: 1000
- Frontage: Business District, City Street
- Street/Road Desc.: Asphalt
Financial Considerations
- Condo Fee: $300
- Condo Fee Freq: Monthly
- Tax Amount: $2,077
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: PALM COAST COMMERCIAL & INDUSTRIAL CENTER CONDO PHASE 1 UNIT 5L & UNDIVIDED INTEREST IN COMMON ELEMNETS OR 1548/702 OR 1862/1949 OR 1883/622 OR 2159/517
- Flood Zone Info: X
- APN: 16113049150001005L0
- Property ID: 16113049150001005L0
Listed by Dalton Wade Inc
Sold by Realty Exchange, Llc
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Price & Sales History for 15 Hargrove Ln #5L
Date
Details
Price
Change
Source
3/02/2026
Sold
$150,000
-18.92%
MLS
1/12/2026
Price Reduced
$185,000
-2.12%
MLS
11/25/2025
Price Reduced
$189,000
-3.08%
MLS
11/10/2025
Price Reduced
$195,000
-4.88%
MLS
11/05/2025
Price Reduced
$205,000
-4.65%
MLS
10/21/2025
Listed
$215,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15 Hargrove Lane #5L, Palm Coast, FL 32137 (MLS# FC313581) is a Office property that was sold at $150,000 on March 02, 2026. Want to learn more about 15 Hargrove Lane #5L? 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.

