$4.70M
1 Hammock Beach Parkway
Palm Coast, FL 32137
Listing updated: April 2, 2026 at 12:10 PM ET
Property type
Year built
Building size
Lot size
Price / SF
Zoning
Days on market
Investment & cash flow
Figures provided by the listing broker — verify independently.
About this property
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!
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 326
- Subdivision
- Ocean Hammock Prcl B-3
- County
- Flagler
- Year built
- 2003
- Building area
- 25,834 sq ft
- Price/sq ft
- $181.93
- Lot size
- 95,832 sq ft
- Buildings
- 1
- Stories
- 2
- Road frontage
- City Street
- Building features
- Bathrooms, Dumpsters, Elevator, Trash Removal
- Annual taxes
- $31K (2024)
- Parcel #
- 04-11-31-3503-00000-00C0
- Zoning
- PUD
- MLS #
- FC308281
Utilities
- Utilities
- Electricity Available, Phone Available, Water Connected
- Water source
- Public
- Sewer
- Public Sewer
Listing details
- Listing date
- 2025-03-24
- On market date
- 2025-03-26
- MLS area
- 32137 - Palm Coast
- Status changed
- 2026-04-02
- Tax 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
Location
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 2, 2026 at 12:10 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA