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23 Hargrove Grade, Palm Coast, FL 32137
$725,000
23 Hargrove Grade, Palm Coast, FL 32137View this property at 23 Hargrove Grade, Palm Coast, FL 32137
23 Hargrove GradePalm CoastFL32137
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Property Description
Located in the heart of Palm Coast, Florida, this 6,000 square foot industrial property presents an exceptional investment opportunity. Situated on a sprawling 1.5-acre lot, this versatile property offers not only current rental income but also significant value-add potential. **Current Tenants:** 1. **Mechanic Shop (For Sale):** (see listing here $150k https://www.crexi.com/properties/1109242/florida-established-mechanic-shop-in-palm-coast-fl) Occupying 3,000 sq. ft., this well-established mechanic shop presents a unique opportunity for ownership or lease. Its central location within the property ensures high visibility and accessibility. 2. **Audio Speaker Repairman:** A longstanding tenant, this space is dedicated to audio speaker repair services. 3. **Lawnmower Repair Shop:** Catering to the community's landscaping needs, the lawnmower repair shop is a reliable and consistent income generator. 4. **Autobody Shop:** Providing automotive repair services, this tenant adds to the property's diversified income stream. **Value-Add Potential:** All current tenants have enjoyed below-market-value rent, offering immediate upside potential for increased rental income. Additionally, there is an opportunity to expand the existing building by relocating the retention pond, seller says there is room to build a second building or add on to the current building of an additional 3,000 sq. ft. of leasable space, further enhancing the property's revenue potential. **Vacant Land Utilization:** Currently, the vacant land behind the building is a valuable asset, generating monthly income by renting space to boat owners, RV enthusiasts, trailer users, and owners of toy haulers and other vehicles. This adds an extra layer of income diversification to this already compelling investment. **Location:** 23 Hargrove Grade is strategically located, providing easy access to major highways and transportation routes, making it ideal for various business operations. It also benefits from a thriving local economy and a growing community. Don't miss out on this outstanding opportunity to invest in a well-located industrial property with a strong rental history and substantial value-add potential. Contact us today to schedule a viewing and explore the possibilities of this prime commercial real estate offering in Palm Coast, Florida.
Full Property Details
Full Property Details for 23 Hargrove Grade
General
- Sold For: $725,000
- Taxes: $4,457 (2022)
- Status: Closed
- Type: Industrial
- MLS ID: FC294738
- Added to Site: 241 day(s) ago
Location
- Area: 32137 - Palm Coast
- County: Flagler
- Development Name: 32137 - Palm Coast
- Driving Directions: Take exit 289 toward Palm Coast, Use the left 2 lanes to turn left onto Palm Coast Pkwy NW, Turn right onto US-1 N, Turn left onto Hargrove Grde
Community
- Community Name: 32137 - Palm Coast
Heating & Cooling
- Cooling Type: None
Structural Information
- # Buildings: 1
- Exterior Const.: Metal Frame, Metal Siding
- Square Feet: 6,000
- Living Area: 6,000 Sq. Ft.
- Year Built: 2001
Lot Features
- Lot Size (Acres): 1.51
- Lot Size (Sq. Ft.): 65,776
- Lot Size: 1.51
- Frontage: Access Road, Business District
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $4,457
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Other
- Special Conditions: None
- Legal Description: 1.51 AC PARCEL 207.39 FT ON S SIDE HARGROVE208.15 FT ON N SIDE ST JOE CANAL BOUNDED ON W BY UTILITY EASEMENT BOUNDED ON EAST BY .719 AC PCCS OR 583 PG 13 OR 1841/1836-RDMAN HANLEY TRUST
- Flood Zone Info: A
- APN: 1511300000010100050
- Property ID: 1511300000010100050
- Block/Lot/Section: 1841/18
Listed and Sold by Exp Realty Llc
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Schools
Schools serving 23 Hargrove Grade
School District:Flagler County School District
Rating | Name | Grades | Distance |
---|---|---|---|
305 N Palmetto St, Bunnell, FL 32110 | PK-6 | 5.7 mi | |
4500 Belle Terre Pkwy, Palm Coast, FL 32164 | 6-8 | 3.4 mi | |
5500 E Highway 100, Palm Coast, FL 32164 | 9-12 | 6.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23 Hargrove Grade
Date
Details
Price
Change
Source
4/30/2024
Sold
$725,000
-18.45%
MLS
9/19/2023
Listed
$889,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
23 Hargrove Grade, Palm Coast, FL 32137 (MLS# FC294738) is a Industrial property that was sold at $725,000 on April 30, 2024. Want to learn more about 23 Hargrove Grade? Do you have questions about finding other Industrial 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.